CHICAGO, November 25th, 2024 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Chatham Market, a 5-suite retail strip property located in Chicago, Illinois. The property sold for $3,589,500.
“It was a pleasure representing the buyer in this transaction,” said Mark Krantz, First Vice President Investments. “The professionalism and proactive efforts from the seller’s team, buyer’s team, third parties, and the lender were key to making this deal happen.”
“Chatham Market offers strong real estate fundamentals with 1.2 acres in the Chicago MSA,” said Mark Krantz, First Vice President Investments. “Located at a signalized intersection adjacent to a Lowe’s-anchored center.”
Mark Krantz and Derrick Dougherty, investment specialists in Marcus & Millichap’s Philadelphia office, procured the buyer, a private investor based in the Washington DC area. Steven Weinstock is Marcus & Millichap’s broker of record in Illinois.
Chatham Market is located on 1.19 acres at 8300 S. Holland Road, just off Interstate 94. The 9,652-square-foot center is fully occupied by tenants including GameStop, Potbelly, BMO Harris Bank, JJ Fish & Chicken, and Colour Nails.
Marcus & Millichap, Inc. is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2023, the company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.
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