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Chicago & Midwest  + Greater Chicagoland  + Retail  | 

Palatine Center Goes from Contract to Close in 10 Weeks

Marcus & Millichap has finalized the sale of a 50,400-square-foot retail property in Palatine, IL. The asset went from contract to close in 73 days, and sold in an all-cash transaction for $4,442,500.

Adrian Mendoza, Austin Weisenbeck and Sean R. Sharko of Marcus & Millichap’s Chicago Oak Brook office exclusively marketed the property on behalf of the seller. The Chicago-based buyer, a private investor, was procured and represented by Mendoza, Weisenbeck and Sharko.

Located at 1160-1220 E. Dundee Rd. in Palatine, the property is anchored by Plaza La Rosita, a specialty Hispanic grocery store that has operated on the site for over 15 years and recently signed a new 10-year lease extension. The buyer will have the opportunity to add significant value by leasing the remaining 7,500 square feet of vacant space.


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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
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