Press Releases
Marcus & Millichap Brokers $5.55M Sale of Chipotle and First Watch Property in Algonquin, Illinois
June 22, 2026
ALGONQUIN, Ill., June 22, 2026 – 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 brand-new, two-tenant retail property, occupied by Chipotle and First Watch, in Algonquin, Illinois. The property sold for $5.55 million.
“The property generated significant investor interest, resulting in multiple offers and a successful outcome for our client,” said Austin Weisenbeck, senior managing director investments. “The combination of brand-new construction, long-term leases and nationally recognized tenants in a high-growth corridor made this a highly sought-after investment opportunity.”
Weisenbeck and Sean Sharko, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the developer seller. Darpan Patel, from the firm’s Tampa office, and Dan Yozwiak, from the firm’s Columbus office, procured the out-of-state buyer.
The 6,150-square-foot property is situated on 1.44 acres at 1721 S. Randall Rd. The property is occupied by Chipotle and First Watch, both operating under long-term leases, and is located within “The Enclave,” a growing mixed-use development along a thriving retail corridor in the Chicago metropolitan area.
“The property generated significant investor interest, resulting in multiple offers and a successful outcome for our client,” said Austin Weisenbeck, senior managing director investments. “The combination of brand-new construction, long-term leases and nationally recognized tenants in a high-growth corridor made this a highly sought-after investment opportunity.”
Weisenbeck and Sean Sharko, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the developer seller. Darpan Patel, from the firm’s Tampa office, and Dan Yozwiak, from the firm’s Columbus office, procured the out-of-state buyer.
The 6,150-square-foot property is situated on 1.44 acres at 1721 S. Randall Rd. The property is occupied by Chipotle and First Watch, both operating under long-term leases, and is located within “The Enclave,” a growing mixed-use development along a thriving retail corridor in the Chicago metropolitan area.
# # #
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, 2025, the company had 1,808 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
