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Marcus & Millichap Arranges the Sale of a 33,381-Square-Foot Retail Property in Wausau, Wisconsin

November 17, 2022

WAUSAU, Wisconsin, November 17, 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 Grand Avenue Shopping Center, a 33,381-square-foot retail property located in Wausau, Wisconsin, according to Grant Fitzgerald, regional manager of the firm’s Columbus and Cleveland offices. The asset sold for $1.84 million.

Jared Shapiro, Craig Fuller, Erin E. Patton, and Scott Wiles, investment specialists in Marcus & Millichap’s Cleveland and Columbus offices, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a limited liability company, partnership, was secured and represented by Jared Shapiro, Craig Fuller, Erin E. Patton, and Scott Wiles. Todd Lindblom, Wisconsin Broker of Record, assisted in closing this transaction.

Grand Avenue Shopping Center is located at 2201 Grand Avenue in Wausau, Wisconsin. Grand Avenue Shopping Center was built in 1957 by the seller’s grandparents. The property was 56 percent occupied at the time of sale by Family Dollar, Firestone, and Mary Mother of Good Help.

 

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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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