Mariano’s Fresh Market

Commercial

Mariano’s Fresh Market

802 E. Northwest Hwy – Arlington Heights, IL

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2004 Year Acquired

60,000 SF Building Size

Sold Status

Roundy’s first Chicagoland store

Roundy’s selected General Capital to develop its first Chicagoland grocery store. We acquired the former Lattof Chevrolet on Northwest Highway, demolished and remediated the site (formerly a car dealership/dry cleaner), and developed Roundy’s newest concept flagged as a Mariano’s Fresh Market. Team included the Private Bank, Schroeder & Holt Architects, Osman Construction and the Hoff Group. Without question, Mariano’s has been enthusiastically embraced buy Chicagoland shoppers.

KEY THEMES

• Large-format grocery retail investment provided a high-quality commercial destination within the Arlington Heights market
• Strategic location supported strong accessibility and long-term value within an established suburban Chicago trade area
• Grocery-oriented retail use provided an essential neighborhood service supported by consistent consumer demand
• Disciplined ownership and asset management strategy focused on maximizing property performance and investment value
• Successful execution positioned the asset for an attractive disposition following completion of the investment strategy

RESULTS

• Successfully managed a 60,000 SF grocery retail property within the Arlington Heights market
• Generated a 58.22% gross internal rate of return and a 2.14x gross equity multiple for investors
• Delivered a 33.60% net internal rate of return and a 1.62x net equity multiple upon disposition
• Completed a successful sale following execution of the property's investment and asset management strategy
• Demonstrated strong value creation through disciplined investment in neighborhood-serving retail real estate

 

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