Marcus & Millichap closed the sale of Willow Commons, a 58,497-square foot retail property located at 305-371 75th Street in Willowbrook, Illinois. The asset sold to a high-net-worth local buyer for $5,825,000.
Adrian Mendoza, first vice president investments, Austin Weisenbeck, senior vice president investments, and Sean R. Sharko, senior vice president investments, in Marcus & Millichap’s Chicago Oak Brook office, exclusively marketed the property on behalf of the seller. The trio also represented the buyer.
Willow Commons is located in an affluent location with the average household income exceeding $124,000 within a three-mile radius. At the time of the sale, the shopping center was 98 percent leased to tenants, a majority of which have occupied space for over 15 years. Willow Commons is positioned on a signalized, hard corner along the heavily travelled 75th Street.