Skip to content
Homepage
  • Market
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Advertise
  • Real Estate Awards
  • Login/Register

Marcus & Millichap arranges $2.9 million sale of multi-tenant retail property

June 27, 2019
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Marcus & Millichap facilitated the sale of Sauk Trail Plaza, a 30,284-square-foot retail property located in Richton Park, Illinois. After multiple offers, the asset sold to a New York based 1031 exchange buyer for $2,945,500. Sauk Trail Plaza is located at 3700-3740 West Sauk Trail, anchored by a corporately guaranteed Save-A-Lot.

Adrian Mendoza, first vice president investments, Austin Weisenbeck, senior vice president investments, and Sean R. Sharko, senior vice president investments, in Marcus & Millichap’s Chicago Oak Brook office, exclusively marketed the property on behalf of the seller. The new investor assumed the current loan with eight of the original 10 years remaining at a 4.3 percent interest rate.

 

Tags
IllinoisMarcus & MillichapretailRichton Park
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
IowaIndustrial

Des Moines Industrial buys 31 acres as future home for industrial transloading facility

February 26, 2021
MinnesotaFinanceMultifamily

Colliers Mortgage provides $18.2 million purchase loan for 98-unit apartment complex in Minnesota

February 26, 2021
MinnesotaLegal

MV Ventures names VP and general counsel

February 26, 2021
IllinoisOffice

JLL Capital Markets closes $153 million refinance for downtown Chicago office tower

February 26, 2021

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Advertise
  • Office Locations
© 2021 REjournals.com