Press Releases
Marcus & Millichap Arranges $2.7M Sale of 10-Suite Retail Strip in Pekin, Illinois
January 27, 2025
PEKIN, Ill., Jan. 27, 2024 – 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 Crossroads Centre, a 10-suite retail strip property located in Pekin, Illinois for $2.7 million.
Chris Garavaglia, Alex Perez, Jacob Dunaway and Austin Sweet, investment specialists in Marcus & Millichap’s St. Louis office, had the exclusive listing to market the property on behalf of the seller, a private individual, and procured the buyer, an all-cash buyer out of the East Coast. Steven Weinstock is Marcus & Millichap’s broker of record in Illinois.
Crossroads Centre is situated on 2.45 acres at 2125 Court Street. The 31,829-square-foot property is 81 percent occupied by a mix of dining and service-oriented tenants and is shadow anchored by Ace Hardware and ValuCheck Supermarket.
Chris Garavaglia, Alex Perez, Jacob Dunaway and Austin Sweet, investment specialists in Marcus & Millichap’s St. Louis office, had the exclusive listing to market the property on behalf of the seller, a private individual, and procured the buyer, an all-cash buyer out of the East Coast. Steven Weinstock is Marcus & Millichap’s broker of record in Illinois.
Crossroads Centre is situated on 2.45 acres at 2125 Court Street. The 31,829-square-foot property is 81 percent occupied by a mix of dining and service-oriented tenants and is shadow anchored by Ace Hardware and ValuCheck Supermarket.
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About Marcus & Millichap, Inc. (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, 2024, the company had 1,712 investment sales and financing professionals in over 80 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 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
