Skip to content
Homepage
  • Market
    • Illinois
    • 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
  • Real Estate Awards
  • Subscribe
  • Publications

Palatine retail center sells for $4.4 million

November 12, 2018
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Marcus & Millichap announced the sale of a 50,400-square-foot retail property, located in Palatine, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. The asset went from contract to close in 73 days and sold in an all-cash transaction for $4,442,500.

Adrian Mendoza, Austin Weisenbeck and Sean R. Sharko, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, exclusively marketed the property on behalf of the seller.  The Chicago-based buyer, a private investor, was procured and represented by Mendoza, Weisenbeck and Sharko.

Located at 1160-1220 E. Dundee Road in Palatine, the property anchor is Plaza La Rosita, a specialty Hispanic grocery store that has operated on the site for over 15 years and that recently signed a new 10-year lease extension. There is opportunity for the buyer to add significant value by leasing the remaining 7,500-square-feet of vacant space.

 

Tags
IllinoisMarcus & MillichapPalatineretail
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
IllinoisCRE

Senior associate joins Colliers

August 18, 2022
MichiganMultifamily

No slowdown in sight: Investors, renters remain on the hunt for multifamily space

Dan RafterAugust 18, 2022
TennesseeMultifamily

Denholtz Properties acquires 384-unit multifamily community in Tennessee

August 18, 2022
KansasRetail

Marcus & Millichap sells 12,945-square-foot retail property in Kansas

August 18, 2022

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • 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
  • Office Locations
  • Advertise/Editorial Calendar
© 2022 REjournals.com