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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.

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