Marcus & Millichap Inc.
10/23/2026 | Press release | Distributed by Public on 10/23/2026 14:24
Marcus & Millichap Brokers $6.64M Sale of Single-Tenant Industrial Facility in Belvidere, Illinois
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Marcus & Millichap Brokers $6.64M Sale of Single-Tenant Industrial Facility in Belvidere, Illinois
October 23, 2026
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BELVIDERE, Ill., Oct. 23, 2026 - 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 1805 Industrial Ct., a 111,000-square-foot industrial distribution facility in Belvidere, Illinois. The property sold for $6.64 million, or $59.77 per square foot.
"We received multiple offers to purchase and lease the property, reflecting continued demand for well-located industrial facilities in the Rockford market," said Ben Tashakorian, executive managing director investments. "Ultimately, a sale to an owner-user provided the seller with a more attractive outcome than executing a new lease and subsequently marketing the property for sale. The building's distribution capabilities, access to major transportation corridors and additional land for future development also positioned it well for the buyer's operations."
Tashakorian, based in Marcus & Millichap's San Diego Del Mar office, in association with Steven Weinstock, Marcus & Millichap's Illinois broker of record, had the exclusive listing to market the property on behalf of the seller, Moss Family Trust, and procured the buyer, Polar Tech Industries. The buyer plans to occupy the property for its cold storage distribution business.
Built in 2000, the single-tenant industrial distribution facility is situated on 15.75 acres and features a 28-foot clear height, 14 dock doors, a cross-dock configuration, ESFR sprinklers and heavy power. The property also includes additional land for future development. Located in the Rockford industrial market, the facility provides access to Interstates 90 and 39 and features frontage along U.S. Route 20. Belvidere is located between the Chicago and Milwaukee metropolitan areas.
"We received multiple offers to purchase and lease the property, reflecting continued demand for well-located industrial facilities in the Rockford market," said Ben Tashakorian, executive managing director investments. "Ultimately, a sale to an owner-user provided the seller with a more attractive outcome than executing a new lease and subsequently marketing the property for sale. The building's distribution capabilities, access to major transportation corridors and additional land for future development also positioned it well for the buyer's operations."
Tashakorian, based in Marcus & Millichap's San Diego Del Mar office, in association with Steven Weinstock, Marcus & Millichap's Illinois broker of record, had the exclusive listing to market the property on behalf of the seller, Moss Family Trust, and procured the buyer, Polar Tech Industries. The buyer plans to occupy the property for its cold storage distribution business.
Built in 2000, the single-tenant industrial distribution facility is situated on 15.75 acres and features a 28-foot clear height, 14 dock doors, a cross-dock configuration, ESFR sprinklers and heavy power. The property also includes additional land for future development. Located in the Rockford industrial market, the facility provides access to Interstates 90 and 39 and features frontage along U.S. Route 20. Belvidere is located between the Chicago and Milwaukee metropolitan areas.
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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, 2025, the company had 1,808 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on October 23, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on October 23, 2026 at 20:25 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]