Inland Closes Out Mariano’s Strategy with Arlington Hts. Sale
Inland Private Capital Corporation (IPC) has completed its Mariano’s Fresh Market strategy with the $25.5-million sale of a Mariano’s location in Arlington Heights, IL. CBRE’s Christian Williams and Michael Kaider brokered the deal of behalf of IPC.
“We began purchasing Mariano’s locations on behalf of investors beginning in 2011, shortly after the Arlington Heights store was built because we recognized the growth potential and brand strength of Mariano’s from the onset,” said IPC president Keith Lampi. The Arlington Heights store was the first to open in Illinois, and IPIC acquired four locations across three separate 1031 investment programs.
“Grocery-anchored retail continues to be sought-after by investors,” said Kaider “Well-branded concepts like Mariano’s have become a safe-haven and have proven to be sound investments in recent years.”
IPC, whose Nati Kiferbaum is a Connect Media 2018 Next Generation Award winner, has also sold Mariano’s locations in Palatine, Vernon Hills and Elmhurst, IL.
For comments, questions or concerns, please contact Paul Bubny