Local Grocer Buys Former Suburban Cubs

CHICAGO—A vacant retail space in suburban Bridgeview may get a second shot at life, according to officials from the Chicago office of Transwestern. The firm just announced that they have brokered the sale of a 69,555-square-foot retail box located at 10280 South Harlem Ave. Until 2006, the property was a Cub Foods, and after Cub left the Chicago area, it was occupied by Melrose Market. But the property was vacant at the time of sale. Transwestern officials say the new owner did not want to be identified, but did say it was a locally-owned grocer that acquired the property for $1.8 million.

“This is a well-located retail box sold to a user for an attractive price per square foot,” says Janice Sellis, director of capital markets with Transwestern. “Bridgeview is an in-fill community with strong demographics. The area offers 260,000 residents within a five-mile radius.”