CHICAGO—Inland Private Capital Corp. recently sold a Mariano's Fresh Market in west suburban Elmhurst for $25 million. The Oak Brook, IL-based company facilitated the sale of the property on behalf of one of its 1031 investment programs. It was a relatively quick resale of the property, which was purchased just three years ago, but it looks like the 2015 acquisition of the popular grocer's parent company Roundy's Supermarkets, Inc. by Kroger Co. had boosted its value and brought a number of investors to Inland's door.

Michael Kaider and Christian Williams of CBRE represented Inland in the transaction, and Eric Sackler of Coldwell Banker Commercial represented the buyer, Royal Palace Hotels Partnership, LP.

“While the investment horizon was undefined, it was generally positioned as a longer term investment,” Keith Lampi, president and chief operating officer of Inland Private Capital Corp., tells GlobeSt.com. However, “in this instance, the implied credit enhancement from the recent Kroger/Roundy's transaction, coupled with the growth in brand recognition of the Mariano's banner presented a profit-taking opportunity for our investors that came a little sooner than originally expected.”