Mid-America Completes Ground Lease Sale for New Aldi Building in Chatham
CHICAGO Mid-America Real Estate Corporations Net Lease Investment Group recently announced the $1.8 million sale of a triple net ground lease for a new 16,750 square-foot freestanding Aldi building in Chicagos Chatham community. The buyer is a private California investor. According to Mid-America broker Bill Wright, whose firm was the exclusive representative for the seller, this transaction is another example of private investors putting their money into hands-off net leased retail properties that require no landlord maintenance. This deal continues the trend of West Coast private capital seeking investment in solid core Midwestern markets, he says, and this ground lease is a perfect example of what theyre looking for here. The Aldi building was constructed in 2011, and is located at 8500 South Holland Road.
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