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M&M ARRANGES $5.9M SALE OF 17,960 SF RETAIL PROPERTY IN METRO CHICAGO

BOLINGBROOK, ILL. — Marcus & Millichap has arranged the $5.9 million sale of Shops at Lily Cache Creek, a 17,960-square-foot retail property in Bolingbrook, a suburb of Chicago. The shopping center is located at 741-769 E. Boughton Road and is nearly 93 percent occupied. A majority of the current leases are set to expire in 2016 or later with each tenant operating under a net-lease. Austin Weisenbeck and Sean Sharko of Marcus & Millichap’s Chicago Oak Brook office represented the seller, a privately owned limited liability company, and the buyer, a national shopping center owner.

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‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
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‣ NAI Global
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‣ Walker & Dunlop

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