Chicago — The acquisitions consist of a total of 238,462 square feet of leasable space on 12.38 acres.
Walnut Creek, California-based Loja Real Estate has acquired a portfolio of four Chicago grocery store properties from a former unit of Safeway Inc. for approximately $95 million. Loja Real Estate is a subsidiary of Loja Group LLC, which manages $340 million in assets. The four single-tenant grocery store properties are anchored by Whole Foods and Mariano’s Fresh Market. They were purchased from Dominick’s Finer Foods LLC. JLL and Guy Ponticiello represented Safeway as the investment sale advisor in the transaction. The acquisitions consist of a total of 238,462 square feet of leasable space on 12.38 acres. Three of the properties are anchored by Mariano’s, which opened earlier this year, and one is tenanted by Whole Foods, which will open in spring 2015.