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PALATINE, IL-A 35,056-sf portion of a strip center at 2070 Rand Rd. has been acquired by Caputo & Sons, which runs its produce chain from nearby Des Plaines. The new location next to the Foxfire Apartments complex as well as Hicks Road will be Caputo & Sons’ sixth, as well as its second in this northwest suburb.

Although terms were not disclosed, the property had been for sale at $3.5 million. Also, property records indicate the family-run grocery specializing in food from Italy and Mexico swung the acquisition with a $2.59-million mortgage from First American Bank.

Grubb & Ellis Co. VP Frank Griffin and associate Dominic Carbonari represented Caputo & Sons, in an assignment that included a five-month search for property on Rand Road. “Rand Road is a great artery for us, because it is in an area where our customers live and work,” says Natale Caputo, adding the latest acquisition will become the chain’s flagship store.

Grubb & Ellis Co. VP Michael Adams represented the seller, Raybec Investments Ltd.

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