MARCUS & MILLICHAP ARRANGES THE SALE OF A 7,368-SQUARE-FOOT, NET-LEASED PROPERTY
TINLEY PARK, ILLINOIS, December 14, 2016 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Texas Roadhouse, a 7,368-square-foot, net-leased property located at 18345 La Grange Road in Tinley Park, Illinois, according to Craig R. Swanson, regional manager of the firm’s Austin office.
Bruce Bentley III, a senior associate in Marcus & Millichap’s Austin office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a REIT, was secured and represented by Joseph Sigal, an investment specialist in Marcus & Millichap’s Chicago Oak Brook office. Steven Weinstock, Broker of Record and Managing Broker, assisted in closing this transaction.
Built in 2004, this Texas Roadhouse benefits from high traffic counts and is immediately flanked by two nationally branded hotels.
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About Marcus & Millichap (NYSE: MMI)
With over 1,600 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 8,700 transactions in 2015 with a value of approximately $37.8 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com