A key Trader Joe’s-anchored stretch of Chicago’s North Side retail is quietly hitting the market, with an investor now shopping a package of storefronts around the busy Clark and Diversey intersection in Lincoln Park. The move puts a run of street level shops, including the Diversey Trader Joe’s, in play at a time when grocery-anchored real estate is still a favorite target for buyers.
As first reported by Crain’s Chicago Business, the owner has tapped brokers to market the Clark and Diversey holdings to both institutional and private investors. Reporter Rachel Herzog notes that the package is being pitched to buyers that want steady, grocery-anchored rent rolls rather than a speculative bet…