JLL Capital Markets closed the $6.4 million sale of an 8,059-square-foot, single-tenant building triple-net-leased to Lou Malnati’s Pizzeria in the Chicago-area community of Oakbrook Terrace, Illinois. JLL marketed the property on behalf of the seller, Vequity, and procured the Chicago-based buyer.
Once completed this year, the property will be occupied by Lou Malnati’s Pizzeria, an award-winning, Chicago-style pizza restaurant chain headquartered in Northbrook, Illinois, with more than 60 locations nationally. The building features an 800-square-foot patio and is situated on 1.06 acres at 18W100 22nd Street in Oakbrook Terrace, an affluent Chicago suburb less than 20 miles west of downtown Chicago. The JLL net lease capital markets team representing the seller was led by senior directors Alex Sharrin and Nicholas Kanich.