Press Releases
Marcus & Millichap Arranges $2.95M Sale of Four-Suite Strip Center in Libertyville, Ill.
August 04, 2025
LIBERTYVILLE, Ill., Aug. 4, 2025 – 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 The Shops of Northwind, a 20,416-square-foot, four-suite strip center in Libertyville, Illinois. The property sold for $2,949,000.
“We received seven offers within the first two weeks of marketing, and the property closed at 95% of the list price,” said Brian Parmacek, managing director investments. “With strong retail fundamentals and limited inventory, we’re continuing to see high competition for available strip centers, and this deal is a clear example of that trend.”
Parmacek, investment specialist in Marcus & Millichap’s Chicago Downtown office, had the exclusive listing to market the property on behalf of the seller, EMPSAFE, LLC.
The Shops of Northwind, located at 1745 Northwind Blvd., is fully occupied by four service-oriented tenants and sits in one of Lake County’s most affluent suburbs. The property is positioned just off the intersection of Peterson Road and U.S. Route 45 and directly across from the 160,000-square-foot Calan Sports Complex, which sees more than 34,000 vehicles per day.
“We received seven offers within the first two weeks of marketing, and the property closed at 95% of the list price,” said Brian Parmacek, managing director investments. “With strong retail fundamentals and limited inventory, we’re continuing to see high competition for available strip centers, and this deal is a clear example of that trend.”
Parmacek, investment specialist in Marcus & Millichap’s Chicago Downtown office, had the exclusive listing to market the property on behalf of the seller, EMPSAFE, LLC.
The Shops of Northwind, located at 1745 Northwind Blvd., is fully occupied by four service-oriented tenants and sits in one of Lake County’s most affluent suburbs. The property is positioned just off the intersection of Peterson Road and U.S. Route 45 and directly across from the 160,000-square-foot Calan Sports Complex, which sees more than 34,000 vehicles per day.
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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.
