Hoffman Estates, Ill. — Marcus & Millichap has brokered the $8 million sale of a 61,047-square-foot retail property net leased to grocer Valli Produce in Hoffman Estates. The building is located about 30 miles northwest of Chicago at 850 N. Roselle Road. Adrian Mendoza, Sean Sharko and Austin Weisenbeck of Marcus & Millichap represented the seller, a local private investor. The Florida-based buyer completed a 1031 exchange. Brian Stulak of Marcus & Millichap Capital Corp. arranged acquisition financing on behalf of the buyer. Valli Produce recently signed a 10-year lease to remain at the property through 2031.
Marcus & Millichap Brokers $8 Million Sale of Valli Produce-Occupied Property in Metro Chicago