CHICAGO-A venture of Inland Real Estate Corp. has purchased the first Mariano's Fresh Market store of Roundy's Supermarkets Inc. for $20.8 million. The grocery store, situated in northwest suburban Arlington Heights, was opened in last summer.
CB Richard Ellis Inc. marketed the property. The grocer is under a triple-net lease and its lease expires in 2030. Milwaukee-based General Capital Group, the developer of the property, purchased the site in July 2009 for $5.95 million and signed its lease deal with Roundy's. For the full story, go to Crain's Chicago Business.
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