LAKE ZURICH — Marcus & Millichap has arranged the $1.1 million sale of Trader Joe’s Out Parcel Center, a 2,995-square-foot retail property in suburban Chicago. Sean Sharko and Austin Weisenbeck, investment specialists in Marcus & Millichap’s Oak Brook office, marketed the property on behalf of the seller, a private investor. The California-based buyer was a private individual in a 1031 tax-deferred exchange. Trader Joe’s Out Parcel Center is located at 797-799 W. Main St. in Lake Zurich. FedEx and GameStop, which both signed five-year leases in 2008, occupy the center. FedEx recently signed a five-year extension, while GameStop signed a two-year. The property is situated across from the Village Square Shopping Center, which is anchored by TJ Maxx, OfficeMax, Petco, MC Sports and Trader Joe's.
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