REAL ESTATE

SRS relocates Chicago office

BY Katherine Boccaccio

Dallas — SRS Real Estate Partners announced the relocation of the Chicago office to 155 N. Wacker Drive, where the Chicago team will continue to provide retail real estate services to clients in metro Chicago and across the Midwest.

The new SRS Chicago office is located in downtown Chicago in a LEED-Gold certified building just a few footsteps from the Chicago River.

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REAL ESTATE

Mid-America arranges sale of Buttermilk Towne Center

BY Katherine Boccaccio

Cincinnati — Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of Buttermilk Towne Center in Crescent Springs (Cincinnati MSA), Kentucky. The 277,533-sq.-ft. center was purchased by Farmington Hills, Mich.-based Ramco-Gershenson Properties Trust for $42 million.

Buttermilk Towne Center is anchored by Home Depot, Remke Markets, Field & Stream, and LA Fitness, and is complemented by a line-up of national and regional retailers including PNC Bank, FedEx Office, Palm Beach Tan, Firehouse Subs, Marcos’ Pizza, and SweetFrog Yogurt.

The seller is an affiliate of Pepper Pike, Ohio-based Visconsi Companies, Ltd.

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REAL ESTATE

Present Value Properties names new VP

BY Katherine Boccaccio

Tustin, Calif. — Retail real estate brokerage and consulting firm Present Value Properties announced that it has named Andrew McLean as VP. McLean, who will be based in the firm’s Tustin, California, office, most recently served as a VP with Lee & Associates.

During his 12 years in the business, McLean has procured real estate for retail developments as well as conducted leasing negotiations for new developments and existing retail centers. In addition, he handles both tenant and landlord leasing and sales throughout Riverside, Orange, San Bernardino and San Diego counties.

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