Sharko/Weisenbeck Team Arranges 1031 Deal for Mixed-Use
Marcus & Millichap’s Sharko/Weisenbeck team closed the sale of a 17,896-square foot mixed-use property located on Chicago’s North Side. The sale price was $10,175,000.
Austin Weisenbeck and Sean R. Sharko, SVPs and investment specialists in Marcus & Millichap’s Chicago Oak Brook office, marketed the property on behalf of the seller, a developer.
The infill mixed-use property is located at 1950 W. Division St. at a signalized hard corner in a dense, affluent area with multiple transportation options. There were multiple offers procured and the property closed at 99% of list price to a local 1031 exchange buyer.
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. 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 15-20 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).