Press Releases
Marcus & Millichap Facilitates $14.6M Sale of 35-Suite Retail Center in Schaumburg, Illinois
September 03, 2025
SCHAUMBURG, Ill., Sept. 3, 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 a 35-suite grocery and medical anchored shopping center in Schaumburg, Illinois, for $14,625,000.
“This deal concluded a decade-long advisory relationship with the seller, culminating in a sale to a Chicago-based private investment group,” said Adrian Mendoza, senior managing director. “With 92 percent of the center’s gross leasable area occupied by local-credit tenants and only one national tenant among the 32, the property’s strong performance and prime positioning made it a compelling opportunity.”
Mendoza, Sean Sharko and Austin Weisenbeck, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, an overseas based family who has owned the property for 32 years.
Located at 1170 S. Roselle Road, the 114,476-square-foot shopping center was built in 1988 and sits on 12.81 acres. The property is anchored by KD Market, a well-established Chicagoland grocer that recently signed a 10-year lease extension. Strategically positioned between Illinois Route 390 and Interstate 90, the center sees more than 45,000 vehicles daily and offers strong visibility and access. Tenants have an average operating history of 12 years, with a mix of medical, wellness, restaurant and service providers.
“This deal concluded a decade-long advisory relationship with the seller, culminating in a sale to a Chicago-based private investment group,” said Adrian Mendoza, senior managing director. “With 92 percent of the center’s gross leasable area occupied by local-credit tenants and only one national tenant among the 32, the property’s strong performance and prime positioning made it a compelling opportunity.”
Mendoza, Sean Sharko and Austin Weisenbeck, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, an overseas based family who has owned the property for 32 years.
Located at 1170 S. Roselle Road, the 114,476-square-foot shopping center was built in 1988 and sits on 12.81 acres. The property is anchored by KD Market, a well-established Chicagoland grocer that recently signed a 10-year lease extension. Strategically positioned between Illinois Route 390 and Interstate 90, the center sees more than 45,000 vehicles daily and offers strong visibility and access. Tenants have an average operating history of 12 years, with a mix of medical, wellness, restaurant and service providers.
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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.
