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Chicago & Midwest  + Greater Chicagoland  + Retail  | 

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.

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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).

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