A 177,539-sf community center at 101 W. Lincoln Highway inMerrillville, IN was sold to Kmart Corp. for $6.7 million, while a147,470-sf Wal-Mart-anchored center in Wood River, IL commanded$6.2 million from Wood River Partners, LLC of Weldon Spring, MO.George Good was involved in both deals for Malan Realty Advisors,with Keely Polczynski helping handle negotiations in theMerrillville deal.

"Demand for investment opportunities in Chicago-area real estatemarkets remain strong for well located, leased, quality shoppingcenters, which was exactly the type of center Merrillville Plazais," Good says. The 30-year-old asset on the US 30 retail corridorhas a tenant roster that includes new owner Kmart and Dollar Treeas anchors, Fran's Hallmark, One Price & More, Angie's Deli,Sherwin-Williams, Bo-Rics, Check Into Cash, Roma Pizza, Fashion Bugand Payless ShoeSource filling in-line spaces.

Built in 1987, Wal-Mart Plaza at 1501 Vaughn Rd. in Wood Riveris fully occupied, with Fashion Bug, Great Clips, Radio Shack andH&R Block rounding out the tenant roster.