Connect Media > Chicago News > Greater Chicagoland > Marcus & Millichap Closes Two-Tenant Retail Sale in Lockport

May 18, 2020 Comments Off on Marcus & Millichap Closes Two-Tenant Retail Sale in Lockport Views: 710 Chicago News, Greater Chicagoland

Marcus & Millichap Closes Two-Tenant Retail Sale in Lockport

Order Reprints...

Marcus & Millichap recently closed the sale of Arbys & Bank of America Grocery Shadow Anchor, a 3,670-square foot, two-tenant retail property in Lockport, IL. The asset sold for $1,650,000.

SVPs Austin Weisenbeck and Sean R. Sharko, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, marketed the property on behalf of the seller, a limited liability company. The buyer, a limited liability company affiliated with one of the tenants, exercised a first right of refusal after Weisenbeck and Sharko produced a third-party offer.

Arby’s & Bank of America Grocery Shadow Anchor is located at 16545 W. 159th St. in Lockport.  The property is an outlot of a Jewel-Osco grocery store. The tenants are a single-unit Arby’s franchisee and a Bank of America teller-less facility.

Connect With Marcus & Millichap’s Sharko

Connect With Marcus & Millichap’s Weisenbeck


Get CRE News in 150 words

For comments, questions or concerns, please contact Paul Bubny

Tags: , ,

Comments are closed.