McHenry, Ill. — Marcus & Millichap has negotiated the $2.6 million sale of Diamond Plaza, a 7,035-square-foot retail center located in McHenry, roughly 50 miles northwest of Chicago. Built in 2009, the three-tenant property was fully occupied by Verizon, Biggby Coffee and Lacey’s Place at the time of sale. Adrian Mendoza, Sean Sharko and Austin Weisenbeck of Marcus & Millichap represented the seller, a family trust, and procured the buyer, a private investment group.
Geneva, Ill. — Quantum Real Estate has brokered the sale of 1310 Commons Drive, an 88,000-square-foot retail center located in Geneva, about 40 miles west of Chicago. The property consists of four multi-tenant buildings, as well as two single-tenant buildings, and features a mix of tenants including First Watch, California Pizza Kitchen, Sleep Number, Five Guys and Jamba Juice, among others. The property was roughly 98 percent leased at the time of sale. The buyer was a global real estate investment manager, and the seller was an investment fund based …
Chicago — Curbline Properties has acquired Clybourn Center, a 33,140-square-foot unanchored retail strip center located in the Lincoln Park neighborhood of Chicago. Clybourn Center was 91.2 percent leased at the time of sale to tenants including Physicians’ Immediate Care, Premier Allergy and Metro Infusion. The property also features 86 parking spaces. Michael Nieder and Brian Page of JLL represented the seller in the transaction. Steve Schwartz, also of JLL, handles leasing efforts at the property.
Park Ridge, Ill. — Mid-America Real Estate Corp. has brokered the sale of The Shops of Uptown, a 70,144-square-foot retail center located in Park Ridge, approximately 15 miles northwest of downtown Chicago. The purchase price was roughly $26 million, as reported by various media outlets. Joe Girardi and Patrick Corrigan of Mid-America represented the seller, Phillips Edison Co., in the transaction. The property was acquired by an institutional investment manager. Trader Joe’s anchors the center, which features a mix of additional tenants including Blufish, LensCrafters, Nothing Bundt Cakes, Pure Barre, Club Pilates, Orangetheory …
Chicago — JLL Capital Markets and GA Group Real Estate have negotiated the $75 million sale-leaseback for a 46-property Family Dollar retail portfolio across 19 states. The properties were acquired by an institutional real estate investor. JLL and GA Group Real Estate represented the seller, FD Retail Properties LLC, in the transaction.
Algonquin, Ill. — Marcus & Millichap has negotiated the $5.6 million sale of a newly built retail property occupied by Chipotle Mexican Grill and First Watch in Algonquin. The 6,150-square-foot building is located at 1721 S. Randall Road within The Enclave mixed-use development. Austin Weisenbeck and Sean Sharko of Marcus & Millichap represented the seller, an undisclosed developer, in the transaction. Darpan Patel and Dan Yozwiak of Marcus & Millichap procured the out-of-state buyer.
Waukegan, Ill. — Marcus & Millichap has brokered the $2.8 million sale of Grand Plaza East, a 36,018-square-foot retail center located in Waukegan, roughly 37 miles south of downtown Chicago. Built in 1972 on nearly three acres, the five-suite retail property is anchored by Domino’s Pizza. Adrian Mendoza, Austin Weisenbeck and Sean Sharko of Marcus & Millichap marketed the property on behalf of the seller, an Illinois-based corporation, and procured the buyer, a private investor.
Forest Park, Ill. — Greenstone Partners has negotiated the $8.4 million sale of Circle Plaza, an 18,486-square-foot, multi-tenant retail center located in Forest Park, roughly 10 miles west of Chicago. Brewster Hague and Connor Sheedy of Greenstone brokered the sale. Circle Plaza is fully occupied and is home to Dunkin’ Donuts, Pep Boys, Bloc Dispensary, HEAL Wellness and Sploot Veterinary Care. Originally developed in 1984, the property has mostly maintained 100 percent occupancy throughout its history.
Wheaton, Ill. — Marcus & Millichap has brokered the $4.4 million sale of a two-tenant retail property located in Wheaton, approximately 25 miles west of downtown Chicago. Chipotle Mexican Grill and Scout Veterinarian Urgent Care occupy the 5,849-square-foot center, which was built in 2023. Austin Weisenbeck and Sean Sharko of Marcus & Millichap marketed the property on behalf of the seller, a local developer and repeat client of the Sharko | Weisenbeck | Mendoza Group. Darpan Patel and Dan Yozwiak, also of Marcus & Millichap, procured the buyer, an Ohio-based private investor.
Chicago — Zaxby’s has signed a franchise agreement with a local entrepreneur to open seven new restaurants in Chicago. The development plans follow a separate multi-unit agreement signed in Chicagoland in 2025, along with the first restaurant in Plainfield, Illinois, earlier this year. Zaxby’s currently has more than 1,000 locations in 22 states and is headquartered in Atlanta.
