CBRE has successfully brokered the sale of a Mariano’s Fresh Market in Arlington Heights, Illinois. Located at 802 E. Northwest Highway, the 66,393-square foot property was sold by an affiliate of Inland Private Capital for $25,500,000.
Christian Williams and Michael Kaider of CBRE’s Oak Brook office represented the seller, an affiliate of Inland Private Capital in the deal.
“Grocery-anchored retail continues to be sought-after by investors,” said Kaider “Well-branded concepts like Mariano’s have become a safe-haven and have proven to be sound investments in recent years.”
In the past few years, CBRE has arranged sales of six Mariano’s Fresh Market properties throughout Chicagoland, including deals in Palatine, Hoffman Estates, Frankfort, Lake Zurich, and Harwood Heights.