JRW Realty Closes $16M Transaction on Schnucks Store in Loves Park

JRW Realty, a nationwide commercial brokerage focused on vetting and sourcing net-leased properties for its institutional buyers, has facilitated the closing of a 142,627-square-foot Schnucks grocery store priced at $16,133,800 in the Rockford, IL suburb of Loves Park. 

The sourcing and closing on behalf of JRW Realty’s client was facilitated by real estate advisor Carol Vena under the guidance of Melinda Marston, JRW Realty’s president of single-tenant net lease. Newmark represented the seller. 

Marston said the property fit the requirements of the firm’s institutional buyers, who are actively looking to expand their portfolios with net-leased properties occupied by necessity-based tenants with BBB- or higher investment-grade credit or private tenants with equivalent financial strength.