Press Releases
Marcus & Millichap Brokers Sale of 184,721-SF Grocery-Anchored Center in Northern Chicago Suburb
February 05, 2025
MERRILLVILLE, Ind., Feb. 5, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Crossroads Plaza, a 184,721-square-foot grocery-anchored retail center on 20.61 acres in Merrillville, Indiana, for $4,050,000.
“This transaction was a seamless collaboration on the Marcus & Millichap platform,” said Eric Abbott, senior associate. “Our team partnered with the AM Group to represent the seller and utilized our auction platform to execute the sale.”
Marcus & Millichap’s Eric Abbott and Andrew Margulies, in collaboration with Adam Sklaver and Philip Kates of Marcus & Millichap’s Commercial Property Auction Services, marketed the asset on behalf of the seller and procured the buyer. Josh Caruana is the firm’s broker of record in Indiana.
Crossroads Plaza, located at 6110 Broadway, is anchored by Ruler Foods, Trader Buck’s, and Treasure Hunt Deals. Ruler Foods, a subsidiary of Kroger, is among the top-performing grocery stores in Merrillville and the only grocer within a three-mile radius. Additional tenants include Family Dollar, Subway, Papa John’s, and Rent-A-Center. The center is positioned near I-65 and I-80/I-94, with more than 178,000 vehicles passing daily, and is just 30 miles from downtown Chicago.
“This transaction was a seamless collaboration on the Marcus & Millichap platform,” said Eric Abbott, senior associate. “Our team partnered with the AM Group to represent the seller and utilized our auction platform to execute the sale.”
Marcus & Millichap’s Eric Abbott and Andrew Margulies, in collaboration with Adam Sklaver and Philip Kates of Marcus & Millichap’s Commercial Property Auction Services, marketed the asset on behalf of the seller and procured the buyer. Josh Caruana is the firm’s broker of record in Indiana.
Crossroads Plaza, located at 6110 Broadway, is anchored by Ruler Foods, Trader Buck’s, and Treasure Hunt Deals. Ruler Foods, a subsidiary of Kroger, is among the top-performing grocery stores in Merrillville and the only grocer within a three-mile radius. Additional tenants include Family Dollar, Subway, Papa John’s, and Rent-A-Center. The center is positioned near I-65 and I-80/I-94, with more than 178,000 vehicles passing daily, and is just 30 miles from downtown Chicago.
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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.
