Marcus & Millichap Brokers $14M Sale of LA Fitness-Anchored Retail Property in Metro Chicago

Marcus & Millichap Arranges $14M Sale, Financing of Illinois LA Fitness-Anchored Retail Property

Marcus & Millichap announced the sale of a LA Fitness-anchored, four-suite retail property in Mundelein, Illinois. The property sold for $13.976 millkion. Marcus & Millichap Capital Corporation, a subsidiary of Marcus & Millichap, arranged $9.78 million in acquisition financing.“The Sharko | Weisenbeck | Mendoza Group was the second broker to list this deal, speaking volumes for our proprietary database and Marcus’ platform,” said Austin Weisenb…

Marcus & Millichap Brokers $14M Sale of LA Fitness-Anchored Retail Property in Metro Chicago

MUNDELEIN, ILL. — Marcus & Millichap has arranged the nearly $14 million sale and financing of a LA Fitness-anchored, four-suite retail property in Mundelein. Austin Weisenbeck and Shean Sharko of Marcus & Millichap marketed the property on behalf of the seller, an experienced real estate investor and developer in Chicagoland. The Sharko | Weisenbeck | Mendoza Group also procured the out-of-state buyer, which completed a 1031 exchange. Dean Gian…