The Chicago office of Tremont Realty Capital arranged a preferred equity investment for a proposed 73,317-square-foot Mariano’s grocery store development in Des Plaines, Illinois. This is the third such project for the developer, Abbott Land and Investment Corporation.
Tom Lorenzini, a Managing Director with Tremont, arranged the $4,800,000 preferred equity investment, which when combined with the construction loan, provided for roughly 97% of the total project cost.
