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Chicago & Midwest  + Greater Chicagoland  + Retail  | 
Marcus & Millichap's Sean Sharko and Austin Weisenbeck arranged the sales of two shopping centers in Orland Park and Elgin, IL

Marcus & Millichap Brokers Two Retail Center Sales in Elgin, Orland Park

Marcus & Millichap brokered two separate retail center sales in the Chicago suburbs of Orland Park and Elgin, IL, totaling approximately $27 million. Sean Sharko and Austin Weisenbeck, senior managing directors, investments in Marcus & Millichap’s Chicago Oak Brook office, represented both sellers. 

Anchored by Chipotle and Panera, the retail center at 15011-15081 S. La Grange Rd. in Orland Park sold for $17.6 million. The 24,000-square-foot Galleria of Elgin, located at 3091 W. Route 20, sold for approximately $9.52 million.   

“The fundamentals of the two sales were really polar opposites, which shows the diversity of deals in the current market,” said Sharko. “With the Orland Park center, it’s new construction and multiple buildings, including drive-thru fast-casual restaurants, and all national credit tenants, whereas the Galleria of Elgin is a modern Class A property with a large volume of long-term tenants, most of which are local mom-and-pop and regional retailers.” 

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Marcus & Millichap's Sharko | Wiesenbeck | Mendoza Team

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
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