Marcus & Millichap Inc.
09/03/2025 | Press release | Archived content
Marcus & Millichap Brokers $5.59M Sale of Six-Suite Retail Strip in Lombard, Illinois
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Marcus & Millichap Brokers $5.59M Sale of Six-Suite Retail Strip in Lombard, Illinois
September 03, 2025
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LOMBARD, Ill., Sept. 3, 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 Highlands of Lombard, a six-suite retail strip in Lombard, Illinois, for $5.59 million.
"We generated strong interest from private investors and secured five written offers, ultimately closing at 100 percent of the original list price with no re-trades," said Adrian Mendoza, senior managing director investments. "The buyer, an out-of-state investor, was drawn to the property's stability, long-term income stream and nearly seven-year weighted average lease term."
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 private investor based in the Chicagoland area who has owned the property for over 17 years. The agents also procured the out-of-state buyer.
Built in 2007, Highlands of Lombard is located at 2820 S. Highland Ave., across from Yorktown Center mall. The fully occupied, 16,223-square-foot retail center features a mix of food, health and service-based tenants. It is located near Interstate 88 and 355 in a strong retail corridor.
"We generated strong interest from private investors and secured five written offers, ultimately closing at 100 percent of the original list price with no re-trades," said Adrian Mendoza, senior managing director investments. "The buyer, an out-of-state investor, was drawn to the property's stability, long-term income stream and nearly seven-year weighted average lease term."
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 private investor based in the Chicagoland area who has owned the property for over 17 years. The agents also procured the out-of-state buyer.
Built in 2007, Highlands of Lombard is located at 2820 S. Highland Ave., across from Yorktown Center mall. The fully occupied, 16,223-square-foot retail center features a mix of food, health and service-based tenants. It is located near Interstate 88 and 355 in a strong retail corridor.
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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.
Marcus & Millichap Inc. published this content on September 03, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on September 12, 2025 at 16:00 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]