High-rise commercial buildings

Sub Markets

Property Sectors

Topics

Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Chicago & Midwest  + South Side  + Retail  | 

Pep Boys-Anchored Retail Trades in Humboldt Park

Marcus & Millichap closed on the sale of Pep Boys Anchored Center | Urban Infill Location, a 15,022-square-foot retail property at 4435 W. Grand Ave. in the West Side’s Humboldt Park neighborhood. The property traded for $2,275,000.

First VP Adrian Mendoza and SVPs Austin Weisenbeck and Sean R. Sharko of Marcus & Millichap’s Chicago Oak Brook office marketed the property on behalf of the seller, a fund manager.  The buyer, a limited liability company, was secured and represented by Moe Derbala-Khalifa, an investment specialist in Marcus & Millichap’s Tampa office.

Along with being anchored by Pep Boys, the center is 100% occupied by a mix of national and local tenants, and all tenants are operating under net leases with management fee reimbursement. Marcus & Millichap says it’s a highly visible site with three points of full access in a densely populated area.


Subscribe to Connect Daily Chicago

For comments, questions or concerns, please contact Paul Bubny

Connect

Inside The Story

Connect With Marcus & Millichap's Chicago Oak Brook

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
New call-to-action
New call-to-action