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Finesa Acquires NW Side Retail Space

CHICAGO—The investor signs its third Chicago deal, this time on the upscale Northwest side.

By Brian J. Rogal | Updated on June 16, 2013

CHICAGO—Speakers at this month’s REITWeek 2013: NAREIT’s Investor Forum, said that the market for retail acquisitions has become far more competitive. Many investors emphasized the desirability of a food component in their retail centers, especially grocers like Whole Foods and Fresh Market that can attract more upscale shoppers. So it’s perhaps not a surprise that when Finesa Real Estate Group, a private equity firm based in the Washington, D.C. metro area, recently closed on the acquisition of a retail property outlet in Chicago, the space was occupied by a Whole Foods under a 15-year lease agreement.

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