Mid-America Arranges Sale of Mariano’s Ground Lease for $20 Million in Metro Chicago

by Katie Sloan

Lombard, Ill. — Mid-America Real Estate Corp. has arranged the sale of a Mariano’s store in the Chicago suburb of Lombard for $20 million.

The 74,000-square-foot property is located at the intersection of Roosevelt and Finley roads. Mariano’s holds a 20-year ground lease corporately guaranteed by Kroger Co. Joe Girardi and Wes Koontz of Mid-America brokered the sale on behalf of the seller, Bradford Real Estate. A private investor purchased the property.

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