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01/04/2018

Inland acquires four Jewel-Osco stores

Inland Real Estate Acquisitions, one of the most active acquirers of retail real estate in the U.S. has closed on the purchase of four Chicagoland Jewel-Osco stores.

All of the supermarkets have been signed to new 20-year leases. The locations:

• 1869 South Arlington Heights Road, 61,475 sq. ft., Arlington Heights, Ill.
• 1340 Patriot Boulevard, 63,523 sq. ft., Glenview, Ill.
• 1759 West Odgen Avenue, 64,977 sq. ft., Naperville, Ill.
• 7122 West 40th Street, 58,647 sq. ft., Stickney, Ill.

“These Jewel-Oscos are staples in their community, with sales ranging from $27 million to $33 million per year for each store,” said Inland Real Estate Acquisitions president Joe Cosenza. “They are well-established and in prime locations with an average three-mile household income of $108,000 and an average three-mile population of 128,000 customers for all four stores.”

To date, Inland has acquired more than more than $45 billion worth of real estate, $27 billion of which are retail properties.

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