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Marcus & Millichap Arranges Sale of ALDI-Shadow Anchored Retail Property

Summary by Connect CRE
Marcus & Millichap brokered the sale of a 10-suite, two-building, ALDI shadow-anchored retail property in Ottawa, Illinois, for $4.4 million.“This sale closed at 99.44% of list price and achieved the highest price per square foot for a shopping center in Ottawa in the past five years,” said Adrian Mendoza, senior managing director investments. “The buyer recognized the long-term value of the tenant mix and plans to hold and cash-flow the propert…
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Connect CREConnect CRE

Marcus & Millichap Arranges Sale of ALDI-Shadow Anchored Retail Property

Marcus & Millichap brokered the sale of a 10-suite, two-building, ALDI shadow-anchored retail property in Ottawa, Illinois, for $4.4 million.“This sale closed at 99.44% of list price and achieved the highest price per square foot for a shopping center in Ottawa in the past five years,” said Adrian Mendoza, senior managing director investments. “The buyer recognized the long-term value of the tenant mix and plans to hold and cash-flow the propert…

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Connect CRE broke the news in on Wednesday, October 22, 2025.
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