Marcus & Millichap Brokers $5.1M Sale of Retail Strip Center in Champaign, Illinois

by Kristin Harlow

CHAMPAIGN, ILL. — Marcus & Millichap has brokered the $5.1 million sale of Champaign Station, a six-suite retail strip center in Champaign. Built in 2007, the 21,152-square-foot property is fully leased to a mix of restaurant and service-oriented tenants. The asset is shadow anchored by Menards and adjacent to Market Place Shopping Center. Alex Perez and Chris Garavaglia of Marcus & Millichap represented the seller, a private equity group, and procured the buyer, a private equity group based out of North Carolina. The duo previously brokered the sale of the property in 2020.

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