Marcus & Millichap brokered the sale of Huntington Plaza, a 33,687-square foot retail property located in Hoffman Estates, Illinois, according to Steven D. Weinstock, regional manager and first vice president of the firm’s Chicago Oak Brook office. The asset sold for $4,369,091.
Austin Weisenbeck, senior vice president, Sean R. Sharko, senior vice president, and Adrian Mendoza, first vice president and investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.
Huntington Plaza is located at 1650 W. Algonquin Road. The property is anchored by PNC Bank and shadow-anchored by Walgreens. The shopping center has an excellent mix of national and regional tenants. The cooperative parties worked together to find solutions to COVID-19 related deal hurdles.