Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CHICAGO—The recent shuttering of the once-popular Dominick’s Finer Foods stores could have been a worrisome development for the metro area’s retail market. But since then demand for the vacated spaces has remained strong. Millennium Properties R/E, for example, had no shortage of prospective buyers when it recently brokered the sale of five former Dominick’s outlots located throughout the suburbs. The spaces were sold as a portfolio to GMX Real Estate Group, a regional retail developer based in suburban Vernon Hills, for a total of $3.4 million.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.