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Chicago & Midwest  + Greater Chicagoland  + Retail  | 

Dual-Tenant Berwyn Retail Trades in 1031 Deal

Marcus & Millichap completed the sale of a 7-Eleven | Starbucks retail property in Berwyn, IL. The asset sold for $5,400,000, or $1,058.82 per square foot.

The Chicago Oak Brook-based team of first VP Adrian Mendoza and SVPs Austin Weisenbeck and Sean R. Sharko marketed the property on behalf of the seller, a developer.  The buyer, a private investor in a 1031-exchange who sold an apartment building in New York City, was secured and represented by Anthony D’Ambrosia, associate, Glen D. Kunofsky, executive managing director, and Richard Nardi, associate, in Marcus & Millichap’s Manhattan office.

A build-to-suit for the tenants, the 5,100-square-foot 7-Eleven | Starbucks is located at 7148 W. Ogden Ave. in Berwyn. 7-Eleven has a 15-year lease and Starbucks has a 10-year lease.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
  • ◦Lease
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