Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Whole Foods in Suburban Chicago Trades Hands for $17M
JLL has arranged the $17.3 million sale of a freestanding Whole Foods located at 300 South 2nd St. in St. Charles, Illinois.
JLL represented the sellers, Swanson Development Group & Fort Union. The buyer was an affiliate of Benenson Capital Partners. JLL Capital Market’s Investment Sales and Advisory team representing the seller was led by Senior Managing Director Alex Sharrin, Director Mohsin Mirza and Associate Torri Rosene.
The newly renovated property featured at-grade parking with 174 parking stalls, with Whole Foods demonstrating its deep conviction in the site by committing to a 20-year NN lease. Located 35 miles west of Chicago, St Charles is known for its exceptional demographics and affluent residential base.
The property is strategically positioned in the heart of downtown, just off Illinois Rte-64. “As one of the only new-to-market freestanding Whole Foods deals, the asset drew interest from 1031x purchasers, family offices, institutional capital and foreign investors,” said Sharrin.
