WAUKESHA, WIS., AND YORKVILLE AND GLENWOOD, ILL. — Melissa Glick of Marcus & Millichap’s National Retail Group in Chicago has brokered three retail transactions totaling $5.59 million. Glick represented the buyer of Silvernail Center, a 6,857-square-foot retail center located in Waukesha. A local Chicago investor has acquired the property for $1.9 million in a 1031 exchange. Tenants at the center include Verizon Wireless, Wisconsin Vision and a chiropractic office. Jason Ladner of Marcus & Millichap’s National Retail Group in Milwaukee represented the seller in the transaction.
In Illinois, Glick has represented a local developer in the sale of a JP Morgan Chase Bank ground lease located in Yorkville. Chase holds a 30-year ground lease, which includes a 10 percent rent increase every 5 years. The property was traded at $3.1 million. The buyer was a privately owned company based in the United Kingdom. Additionally, Hickory Bend Plaza, a 3,800-square-foot, multi-tenant center was sold in Glenwood. Tenants at the center, which traded for $590,000, include H&R Block, Jackson Hewitt and American Family Insurance. Glick represented the seller; Nick Pipikios of GNP Management represented the undisclosed buyer in the transaction.
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