Marcus & Millichap Inc.
09/15/2025 | Press release | Distributed by Public on 09/16/2025 11:46
Marcus & Millichap Arranges $3.7M Sale of 17-Suite Retail Strip in Chicagoland Suburb
Press Releases
Marcus & Millichap Arranges $3.7M Sale of 17-Suite Retail Strip in Chicagoland Suburb
September 15, 2025
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SOUTH HOLLAND, Ill., Sept. 11, 2025 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Pacesetter Plaza, a 17-suite retail strip anchored by Family Dollar in South Holland, Illinois. The property sold for $3,745,000.
"This was my second time selling Pacesetter Plaza in the last six years, which speaks to the property's consistent performance and investor appeal," said Adrian Mendoza, senior managing director investments. "We received five written offers from both in-state and out-of-state investors and ultimately secured an East Coast-based 1031-exchange buyer drawn to the center's strong occupancy history and stable tenant mix."
Mendoza, Sean Sharko and Austin Weisenbeck, investment specialists in Marcus & Millichap's Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.
Pacesetter Plaza is located at 1000 E 162nd St., less than a quarter mile from Interstate 94 and along a high-traffic retail corridor with 34,200 vehicles per day. Built in 1956 on 2.27 acres, the 33,654-square-foot center is 97% occupied with a blend of national and local tenants including Subway, Cunis Candies and Family Dollar.
"This was my second time selling Pacesetter Plaza in the last six years, which speaks to the property's consistent performance and investor appeal," said Adrian Mendoza, senior managing director investments. "We received five written offers from both in-state and out-of-state investors and ultimately secured an East Coast-based 1031-exchange buyer drawn to the center's strong occupancy history and stable tenant mix."
Mendoza, Sean Sharko and Austin Weisenbeck, investment specialists in Marcus & Millichap's Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.
Pacesetter Plaza is located at 1000 E 162nd St., less than a quarter mile from Interstate 94 and along a high-traffic retail corridor with 34,200 vehicles per day. Built in 1956 on 2.27 acres, the 33,654-square-foot center is 97% occupied with a blend of national and local tenants including Subway, Cunis Candies and Family Dollar.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit https://www.MarcusMillichap.com.
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