SOLD
Swanson Development Group Acquires Mariano's Supermarket In Northfield, IL For $13.1M
1822 Willow Road
Retail
47,732 SF
47,732 SF
Sold 255 days ago
Summary
Sale
ILLINOIS
Retail
47,732 sqft
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.
Players
All
6
Agents
5
Agencies
1
Details
SOLD
IMAGE: Michael Nieder & Alex Sharrin
DATE: 08/22/2023
ADDRESS: 1822 Willow Road
MARKET: Northfield
ASSET TYPE: Retail
BUYER: Swanson Development Group
SELLER: Stockbridge
BROKERS: Alex Sharrin, Michael Nieder, Mohsin Mirza, Charles Shehan & Caity Tirakian - JLL (@JLL)
SALE PRICE: $13,100,000
SF: 47,732 ~ PPSF: $274
NOTE: JLL Capital Markets has closed the $13.1 million sale of a 47,732-square-foot Mariano's supermarket in Northfield, Illinois. The property's prime location in the Chicago metropolitan area and its potential for future upside in rents attracted buyer Swanson Development Group, represented by JLL.View on map
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Address1822 Willow Road
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