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CBRE Investment Management Takes Loss in Two-Deal Sale of Chicago-Area Shopping Center

ExchangeRight Pays More Than $42 Million for Mariano’s Grocery Store in Northbrook
ExchangeRight paid more than $42 million for the Mariano’s grocery store at 2323 Capital Drive in Northbrook, Illinois. (Zach Lipp/CoStar)
ExchangeRight paid more than $42 million for the Mariano’s grocery store at 2323 Capital Drive in Northbrook, Illinois. (Zach Lipp/CoStar)
CoStar News
November 9, 2022 | 7:20 P.M.

A California-based investor has paid more than $42 million for a Mariano’s grocery store in Chicago’s northern suburbs, leaving CBRE Investment Management with a loss on a two-transaction sale of the Shops at Glen Pointe shopping center.

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