76,236-square-foot grocer purchased by LA-based investor
CHICAGO – June 1 2016 – CBRE recently completed the sale of a 76,236-square-foot Mariano’s Fresh Market at 678 N. York Street in Elmhurst, Ill.
Michael Kaider and Christian Williams of CBRE represented the owner, Inland Private Capital Corporation, and Eric Sackler of Coldwell Banker Commercial represented the buyer, Royal Palace Hotels Partnership, L.P.
The buyer assumed the existing loan.
“This property attracted multiple offers and many interested parties,” said CBRE’s Kaider. “Mariano’s has become a top grocery provider in the Chicago market and this sale speaks to the confidence that investors have in this brand.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
