Warwickshire based IM Properties has invested more than £12m in the forward purchase and development funding of a Chicago supermarket.
Working with US-based Bradford Real Estate Services, IM has forward funded the development of the 71,248 sq ft supermarket in Vernon Hills, Chicago.
A 20-year lease has been secured to Roundy’s Supermarket’s Inc at an annual rent of over £1m.
lisa.pilkington@estatesgazette.com
