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Chicago & Midwest  + Greater Chicagoland  + Retail  | 
Mariano's is a Kroger-owned grocery chain with 42 locations around the Chicago area

Crystal Lake Mariano’s Trades in 1031 Deal

Northmarq investment sales broker Jason Maier completed the sale of a freestanding Mariano’s supermarket at 105 Northwest Hwy. in Crystal Lake, IL. Maier represented the seller, a New York-based private investor. The 74,800-square-foot property was acquired for approximately $34.7 million by a 1031 exchange buyer based in New York. 

“We were very pleased to have represented both parties in this transaction,” said Maier. “It was the perfect timing and the ideal property for a 1031 buyer that our team was exclusively representing. One of the major benefits of our platform is the access we have to some of the best trophy triple-net-leased properties in the country.” 

The property was built in 2018 as the most recent Mariano’s prototype format and is situated on an 8-acre lot at the signalized intersection of Northwest Highway and South Virginia Road. Mariano’s is a brand of grocery giant Kroger. 


Inside The Story

Northmarq's Maier

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition