Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Net-Leased Old Time Pottery Trades in West Chicago
Marcus & Millichap arranged the sale of Old Time Pottery, a 78,271-square-foot net-leased property located in West Chicago, IL. Terms of the sale weren’t disclosed.
Nicholas Kanich, first VP of investments in the Net Lease Group at Marcus & Millichap’s Chicago Downtown office, marketed the property on behalf of the seller, a Delaware-based limited liability company and repeat client. The buyer, a Delaware-based partnership, was also secured and represented by Kanich.
Old Time Pottery is located in the Mosaic Crossing Shopping Center just off of the intersection of East North Avenue and North Neltnor Boulevard in West Chicago, with visibility to more than 64,000 vehicles per day.
“After receiving a few preliminary offers from likely purchasers, my team identified a strong investor with a compelling reason to act within the first week of marketing and we were able to quickly come to terms and move forward with them,” said Kanich.
- ◦Sale/Acquisition
