Search
 

Grocery-Anchored Centers Reviving Retail Investment

Mariano's continues to be the region's most popular store, a proven winner with both shoppers and investors.

By Brian J. Rogal | brianjrogal | Updated on September 18, 2017

chi-hoffmanvillage (2) Mariano’s, a popular grocer has helped revive Hoffman Village at 2555 W. Golf Rd., in Hoffman Estates, IL.

CHICAGO—After a few tough years, the Chicago region’s retail market is once again looking good to investors. That’s especially true for grocery-anchored shopping centers. Phillips Edison Grocery Center REIT I, Inc., a Cincinnati-based firm, recently acquired from Walton Street Capital its Hoffman Village, a center in suburban Hoffman Estates now anchored by Mariano’s, the metro area’s hottest grocer.

According to Cook County property records, the price was $34.5 million.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.