Marcus & Millichap facilitated the sale of Creekside Plaza, a 31,640-square foot retail property located in Wheeling, Illinois, according to Steven D. Weinstock, regional manager and first vice president of the firm’s Chicago Oak Brook office. The asset sold for $2,000,000.
Adrian Mendoza, first vice president, Austin Weisenbeck, senior vice president and Sean R. Sharko, senior 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. The buyer, a Chicago-based 1031 exchange private investor, was secured and represented by Mendoza, Weisenbeck and Sharko.
Creekside Plaza is located at 200-300 McHenry Road in Wheeling, at the signaled intersection of Elmhurst Road and McHenry Road. The property has over 1,100 feet of combined frontage and features a triangular lot positioning for maximum visibility. The sale closed with all cash and went from contract to close in 10 days.