Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of 922 W. George St. and 855 W. Grace St., two 12-unit apartment properties located in Chicago, according to Joe Powers, regional manager of the firm’s Chicago Downtown office. The properties sold for a total of $6,250,000.
Kyle A. Stengle, senior managing director and an investment specialist in Marcus & Millichap’s Chicago Downtown office, had the exclusive listing to market the property on behalf of the seller, Golub Company, and their Boston-based partner. The buyer, a New York-based investor, was secured and represented by Steve Rachman, senior vice president, and Benjamin Conte, associate, investment specialists in Marcus & Millichap’s Chicago Downtown office.