Marcus & Millichap brokered the sale of 855 Morse Avenue, a 95,000-square foot industrial property located in Elk Grove Village, Illinois, according to Joe Powers, regional manager of the firm’s Chicago Downtown office. The asset sold for its listing price at $6,900,000 and went from listing to closing in less than fifty days.
Peter Doughty, senior associate in Marcus & Millichap’s Chicago Downtown office who specializes in the sale of industrial investment properties throughout Chicagoland, had the exclusive listing to market the property on behalf of the seller, a partnership. The buyer, Texas-based fund AIC Ventures, was also secured by Peter Doughty.
