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Marcus & Millichap Arranges the Sale of a 11,668-Square-Foot Retail Property

May 09, 2022

BURLINGTON, WI, May 9, 2022 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of AT&T and Jimmy John's Center, a 11,668-square-foot retail property located in Burlington, Wisconsin, according to Todd E. Lindblom, regional manager of the firm’s Milwaukee office. The asset sold for $3,280,000.

The Rowlett Group, Jeff R. Rowlett and Kelly Flowers, investment specialists in Marcus & Millichap’s Milwaukee office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, an out of state limited liability company, was represented by a broker out of Colorado.

AT&T and Jimmy John's Center is located at 980 Milwaukee Ave in Burlington, Wisconsin. Tenants in the center include AT&T, Athletico Physical Therapy, Shopko Optical, Antioch Pizza and Jimmy John’s. There were multiple offers received for this property which led to a sale above asking price.

 

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About Marcus & Millichap (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2021, the company had 1,994 investment sales and financing professionals in 82 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.

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