Marcus & Millichap brokered the sale of a two-tenant, 130,105-square foot retail property in Schaumburg, Illinois, according to Steven D. Weinstock, regional manager and first vice president of the firm’s Chicago Oak Brook office. The asset sold for $11,000,000.
Sean R. Sharko, senior vice president, Austin Weisenbeck, 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 trust. The buyer, a limited liability company, was secured and represented by Mendoza, Weisenbeck and Sharko.
The Sharko|Weisenbeck team of Marcus & Millichap procured a Chicago based 1031 exchange buyer and navigated through a complex nine-month escrow process. The Sharko|Weisenbeck team successfully managed through obstacles including tenant shutdowns. This generational asset is located at 1317-1321 E. Golf Road, in the epicenter of Illinois’ largest center for economic development outside of Chicago.
