Chicago & Midwest + Greater Chicagoland + Retail | February 4, 2022

Marcus & Millichap closed the sale of 10,502-square-foot retail center in Matteson, IL.

Sharko/Weisenbeck Team Brokers Sale of Matteson Retail

Marcus & Millichap closed the sale of a 10,502-square-foot retail property in Matteson, IL. The asset sold for $5,099,000.

SVPs Austin Weisenbeck and Sean R. Sharko of Marcus & Millichap’s Chicago Oak Brook offic marketed the property on behalf of the seller, a local developer. The buyer, a Mexico-based limited liability company, was secured and represented by Carlos Cain, a senior associate and investment specialist in Marcus & Millichap’s Denver office.

The deal was part of a multi-property purchase with debt structured by Anita Paryani-Rice, senior managing director, Marcus & Millichap Capital Corporation.

Less than a mile from Interstate 57, the shopping center is located at 4801 211th St. in Matteson. The complex has been 100% occupied by the same four tenants since construction in 2011: Verizon, Chipotle, Five Guys, and Vitamin Shoppe, the latter three tenants having recently executed lease extensions to remain at the site.

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Marcus & Millichap's Sharko | Weisenbeck Team

About Paul Bubny

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).

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