Upcoming Stories
Chicago & Midwest CRE News In Your Inbox .

Chicago & Midwest   /   February 9, 2021

Paul Bubny
By: Paul Bubny

Wheeling Retail Trades in 1031 Exchange

Marcus & Millichap recently completed the sale of Creekside Plaza, a 31,640-square-foot retail property in Wheeling, IL. The asset sold for $2,000,000.

The team of SVPs Austin Weisenbeck and Sean R. Sharko and first VP Adrian Mendoza, all based in Marcus & Millichap’s Chicago Oak Brook office, marketed 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 Rd. in Wheeling, at the signaled intersection of Elmhurst Road and McHenry Road. The property has more than 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.

Inside The Story
About the Author

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
Email the Author

New call-to-action
New call-to-action
© ConnectCRE 2021 / 3900 San Fernando Road, Suite 1007, Glendale, CA 91204
Contact Us / Policies, Privacy & DisclosuresSubmit Press Release /