Chicago Business Journal – April 27, 2023: “Sentinel Net Lease is a prospective buyer for some Jewel Osco stores.” A profile on Sentinel Net Lease’s expansion plans in Illinois. Sentinel’s CIO Dennis Cisterna said the firm aimed to invest up to $50 million in 2023 on Chicago-area retail and office properties[4]. With Kroger’s pending acquisition of Albertsons, Sentinel positioned itself as a potential buyer of any Jewel-Osco grocery locations that might be divested[5]. Cisterna noted they’re monitoring opportunities but would only proceed if a replacement tenant is lined up, and he highlighted a preference for Chicago’s suburban markets (outside high-tax Cook County) for new deals[6]. (Link: Chicago Business Journal via bizjournals.com)
