Retail-Portfolio_Mount-Prospect-Ill

Marcus & Millichap Brokers $12.5 Million Sale of Retail Portfolio in Metro Chicago

by Hayden Spiess

Mount Prospect, Ill. — Marcus & Millichap has brokered the $12.5 million sale of a retail portfolio located in the Chicago suburb of Mount Prospect. Built in 2012, the portfolio comprises three buildings occupying a combined 3.6 acres. Tenants at the properties include Chipotle Mexican Grill, Five Guys, Jersey Mike’s Subs, Sports Clips, T-Mobile, GNC, Panera Bread, Nothing Bundt Cakes, Hangry Joe’s, MOD Pizza and Poke Bros. Jeff Rowlett and Matthew Gordon of Marcus & Millichap represented the buyer, Lula Holdings. Maggie Holmes of Northmarq represented the seller, an entity doing business as RREF III-P Randhurst Village. Marcus & Millichap Capital Corp. (MMCC) secured $6.4 million in acquisition financing on behalf of the buyer. 

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