Swanson Development Group Acquires Mariano's Supermarket In Northfield, IL For $13.1M

The $13.1 million sale of a 47,732-square-foot Mariano's supermarket in Northfield, Illinois has been successfully closed by JLL Capital Markets. The property, located in a prime location in the Chicago metropolitan area, attracted the attention of buyer Swanson Development Group. The potential for future upside in rents also contributed to the appeal of the asset.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $13,100,000
• Square Footage: 47,732
• Address: 1822 Willow Road, Northfield, IL
• Market: Northfield

Swanson Development Group, represented by JLL, acted as the buyer in this transaction. The seller was Stockbridge. The brokers involved in the deal were Alex Sharrin, Michael Nieder, Mohsin Mirza, Charles Shehan, and Caity Tirakian from JLL.