Marcus & Millichap Brokers $27 Million Sale of Two Retail Centers in Suburban Chicago

by Hayden Spiess

Elgin and Orland Park, Ill. — Marcus & Millichap has arranged the sale of two retail centers located in the Chicago suburbs of Orland Park and Elgin in transactions totaling $27 million. The first property, located in Orland Park, sold for $17.6 million. The center spans 20,732 square feet and includes three freestanding, single-tenant net-leased buildings and one multi-tenant building. The property was fully leased at the time of sale to tenants including BJ’s Brewhouse, Raising Cane’s and Smashburger. The second property, Galleria of Elgin, features two buildings totaling 24,000 square feet. The property was 80 percent leased at the time of the $9.5 million sale to tenants including Dairy Queen, Edward Jones Investments, Maciano’s Pizza and Pastaria, Country Donuts and Sammy’s Mexican Grill. Sean Sharko and Austin Weisenbeck of Marcus & Millichap brokered the sales on behalf of the sellers.

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