Offering of net-leased Mariano’s store reflects national trend

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The recent news that Jones Lang LaSalle’s Capital Markets Group has been hired to sell a soon-to-open Mariano’s Fresh Market in the South Loop (rendering at left) is being cited as the latest evidence that property owners are working to capitalize on investor demand for net-leased properties.

According to Jones Lang LaSalle Research, single-tenant net-lease transactions are expected to top $40 billion this year, up from $31 million in 2012 and $25 million in 2011.

JLL’s Guy Ponticiello says a variety of factors are at play including an expected uptick in corporate M&A activity, the move by private equity firms to monetize their portfolio companies’ strong underlying real estate assets, and a desire by corporations to put their capital to better use.

As he told in a recent interview:

“There is just not enough quality net-leased product to satisfy investor demand at the moment, so the time is right for savvy corporates to take advantage of the lack of supply.”

For more information on the Mariano’s offering, click here.

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