Mariano's building in Arlington Heights sold for $25.5 million

The building leased to Mariano's Fresh Market in Arlington Heights was sold for $25.5 million to a private buyer.

Brokers from CBRE's Oak Brook office announced the sale Thursday and represented the seller, an affiliate of Inland Private Capital. They were not able to give further details about the buyer or the deal.

The 66,393-square-foot property is located at 802 E. Northwest Hwy. It will remain in operation as Mariano's.

The property is leased to Roundy's Supermarkets Inc. In December 2015, Kroger Co. purchased Roundy's which includes names such as Copp's, Pick 'n Save and Mariano's.

"Grocery-anchored retail continues to be sought-after by investors," said CBRE's Michael Kaider "Well-branded concepts like Mariano's have become a safe-haven and have proven to be sound investments in recent years."

In the past few years, CBRE has arranged sales of six Mariano's Fresh Market properties including deals in Palatine, Hoffman Estates, Frankfort, Lake Zurich and Harwood Heights.