Transwestern Investment Group Acquires Property From Affiliate Of Inland Private Capital For $25.5M

The property involved in this transaction is a retail asset, specifically a supermarket, located at 802 E Northwest Hwy, Arlington Heights, Illinois. The sale was finalized for $25,500,000.00 and the property encompasses a total square footage of 66,393. The asset is currently occupied by Mariano’s Fresh Market.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $25,500,000.00
• Square Footage: 66,393
• Address: 802 E Northwest Hwy, Arlington Heights, Illinois
• Seller: Affiliate of Inland Private Capital
• Buyer: Transwestern Investment Group
• Seller's Representative: Christian (Chris) Williams, CBRE
• Co-representative: Michael Kaider, CBRE

This transaction was facilitated by Christian (Chris) Williams and Michael Kaider, both from CBRE, who represented the seller, an affiliate of Inland Private Capital. The asset was initially purchased in 2011 for $20,800,000.00. The buyer, Transwestern Investment Group, was part of a joint venture with State Farm, indicating a strategic partnership in the acquisition.