CHICAGO-Jones Lang LaSalle is marketing a 72-store, 3.2-million-sf, former Albertsons portfolio made up of mostly standalone retail buildings that executives of the real estate services company say could fetch $240 million. The buildings, which once housed the grocer, are now occupied by such tenants as Aldi, Wal-Mart and Whole Foods.

JLL is looking to sell the assets as a single entity or split them up by region. There are 27 stores in the West; 31 in Colorado, Oklahoma and Texas; and 14 in Alabama and Florida. California is home to 22 of the units, the most in any state. Though a majority of the properties are standalone, a handful are attached to strip centers.

The portfolio is owned by Albertsons LLC, a consortium led by private-equity firm Cerberus Capital Management, which includes Kimco Realty Trust, Schottenstein Stores Corp., Lubert-Adler Partners and Klaff Realty. The group acquired 700 stores from grocer Albertsons last year when the retailer sold itself in parts.

Despite the credit crunch and a potential slowdown in acquisitions across the industry, Guy Ponticiello, a JLL managing director, tells that he is confident the assets will attract buyers. “There isn’t going to be a quick sale for the sake of a sale,” he says. “If we need additional time, then so be it.”

Along with Ponticiello, the JLL team marketing the portfolio includes executive EVP Bruce Westwood-Booth, SVP Suzanne Martinez and associate Ben Herrig. JLL is also currently closing an 84-unit portfolio of convenience stores for operator Couche Tard.

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