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MidwestIndustrial

Quantum Real Estate Advisors Inc. brokers $1.08 million sale of multi-tenant retail building

Staff Writer April 2, 2017
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Marcus & Millichap has completed the sale of 1941-2019 Johns Drive, located in Glenview, Illinois. The asset sold for $3,870,000.

Stephen Lieberman and Paul Tesdal, investment specialists in Marcus & Millichap’s Downtown Chicago office, had the exclusive listing to market the property on behalf of the seller, a local private investor. The buyer, also local to the immediate area, was secured and represented by Paul Tesdal and Stephen Lieberman.

The property, 1941-2019 Johns Drive, is a combined two building portfolio investment that was built in 1980. This one-story multi-tenant asset comprises 68,075 rentable square feet and is currently operating at 81% occupancy.

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