{"id":1004202373,"date":"2018-01-05T00:26:49","date_gmt":"2018-01-05T08:26:49","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004202373"},"modified":"2022-12-06T17:17:38","modified_gmt":"2022-12-07T01:17:38","slug":"inland-real-estate-closes-il-retail-portfolio-deal","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/inland-real-estate-closes-il-retail-portfolio-deal\/","title":{"rendered":"Inland Real Estate Closes IL Retail Portfolio Deal"},"content":{"rendered":"<p>By Roxana Baiceanu<\/p>\n<div id=\"attachment_1004202374\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/1340-Patriot-Blvd.-Glenview-Ill..png\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004202374\" data-attachment-id=\"1004202374\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/inland-real-estate-closes-il-retail-portfolio-deal\/1340-patriot-blvd-glenview-ill\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/1340-Patriot-Blvd.-Glenview-Ill..png\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"1340 Patriot Blvd., Glenview, Ill.\" data-image-description=\"&lt;p&gt;1340 Patriot Blvd., Glenview, Ill.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;1340 Patriot Blvd., Glenview, Ill.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/1340-Patriot-Blvd.-Glenview-Ill..png?w=800\" loading=\"lazy\" class=\"wp-image-1004202374 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/1340-Patriot-Blvd.-Glenview-Ill..png\" alt=\"1340 Patriot Blvd., Glenview, Ill.\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/1340-Patriot-Blvd.-Glenview-Ill..png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/1340-Patriot-Blvd.-Glenview-Ill..png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/1340-Patriot-Blvd.-Glenview-Ill..png?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004202374\" class=\"wp-caption-text\">1340 Patriot Blvd., Glenview, Ill.<\/p><\/div>\n<p>Inland Real Estate Acquisitions has completed a retail portfolio transaction on behalf of one of its affiliates. The deal consisted of four Jewel-Osco stores located in several Chicago suburbs, all featuring new 20-year leases. The assets total 248,622 square feet.<\/p>\n<p>\u201c<em>These Jewel-Oscos are staples in their community, with sales ranging from $27 million to $33 million per year for each store,<\/em>\u201d said Joe Cosenza, vice chairman of Inland Real Estate Group\u00a0&amp; president of Inland Real Estate Acquisitions, in a prepared statement.<\/p>\n<p>The properties are:<\/p>\n<ul>\n<li>1860 S. Arlington Heights Road, Arlington Heights (61,475 square feet)<\/li>\n<li>1340 Patriot Blvd., Glenview (63,523 square feet)<\/li>\n<li>1759 W. Odgen Ave., Naperville (64,977 square feet)<\/li>\n<li>7122 W. 40th St., Stickney (58,647 square feet)<\/li>\n<\/ul>\n<p>According to Cosenza, the average three-mile household income is approximately $108,000 and the average three-mile population reaches 128,000 for all four stores. The Inland vice chairman facilitated the transaction with\u00a0assistance from Gina LaMantia, managing counsel for Charles Benvenuto.\u00a0Cosenza was also part of the brokerage team that arranged Inland&#8217;s\u00a0$211 million <a href=\"https:\/\/www.commercialsearch.com\/news\/inland-real-estate-acquires-49-cvs-properties\/\">retail portfolio buy<\/a>\u00a0in the summer of 2017. \u00a0\u00a0<\/p>\n<p><em>Image via Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>All retail properties are Jewel-Osco stores located in Arlington Heights, Glenview, Naperville and Stickney, Ill., totaling 248,622 square feet. <\/p>\n","protected":false},"author":1064,"featured_media":1004202374,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21743,13,21742,21749],"tags":[34543,35312,38749],"class_list":["post-1004202373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-deals","category-midwest","category-latest","category-retail","tag-inland-real-estate-acquisitions-inc","tag-inland-real-estate-group","tag-joe-cosenza"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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