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September 27, 2013

Jones Lang LaSalle is pleased to offer for sale the fee-simple interest in the Mariano’s Fresh Market Development located in Chicago’s South Loop. Currently under construction, the property will be 100 percent occupied by and absolute triple net leased to Mariano’s Fresh Market for a 20-year term. This offering provides the exceptional opportunity to acquire a newly constructed, build-to-suit project with a long-term lease to one of the region’s most popular and successful grocery stores.

  •  The property, located at 1615 South Clark Street, will total 65,568 sq ft of prime, ground up retail space, situated in a phenomenal location within Chicago’s densely populated and affluent South Loop neighborhood.
  • Mariano’s Fresh Market, part of Roundy’s Supermarket Inc., is one of the Midwest’s leading grocers, and the company’s growth banner in the Chicago market.
  • The property holds an attractive DS-5 zoning, which includes air rights that allow for additional commercial development as well as 320 parking spaces between a two-story parking garage and a surface parking lot.
  • The property’s quality construction, prime location, optimal lease structure and future development potential combine to form a truly exceptional investment opportunity.

For more information about this opportunity, please contact:

Guy Ponticiello
Managing Director
+1 312 228 2645
guy.ponticiello@am.jll.com

Matthew Berres
Associate
+1 312 228 3360
matthew.berres@am.jll.com

 

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