The 66,437 square foot Jewel-Osco building in Shorewood, IL, was sold for $13.15 million.
CHICAGO—No matter what troubles shake the retail world, investors jump at the chance to pick up grocery stores, especially ones in relatively affluent areas. The Boulder Group, a net leased investment brokerage firm, recently completed the sale of a single tenant net leased Jewel-Osco property located at 199 Brook Forest Ave., in suburban Shorewood, for $13.15 million.
And CBRE just brokered the sale of a Mariano's Fresh Market in Arlington Heights. Located at 802 E. Northwest Hwy., that 66,393-square foot property was sold by an affiliate of Inland Private Capital for $25.5 million. Christian Williams and Michael Kaider of CBRE's Oak Brook office represented the seller.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
