Press Releases
Marcus & Millichap Arranges $13.9M Sale and Financing of LA Fitness-Anchored Retail Property in Mundelein, Illinois
July 08, 2026
MUNDELEIN, Ill., July 8, 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 LA Fitness-anchored, four-suite retail property in Mundelein, Illinois. The property sold for $13,976,000. Marcus & Millichap Capital Corporation (MMCC), a subsidiary of Marcus & Millichap, arranged $9,783,000 in acquisition financing.
“The Sharko | Weisenbeck | Mendoza Group was the second broker to list this deal, speaking volumes for our proprietary database and Marcus’ platform,” said Austin Weisenbeck, senior managing director.
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 seller, an experienced real estate investor/developer in the Chicagoland area. The Sharko | Weisenbeck | Mendoza Group also procured the out-of-state buyer that was in a 1031-exchange. Dean Giannakopoulos, senior managing director, also based in the firm’s Chicago Oak Brook office, secured the financing.
“The transaction was executed with a regional lender, delivering a high-leverage structure, flexible prepayment, and a sub‑200 basis point spread that significantly improved overall execution and economics for the client,” said Giannakopoulos.
The 89,357-square-foot shopping center is situated on 7.48 acres at 1555 S. Lake St. Built in 2019, the property is anchored by LA Fitness, with Kids Empire, The Dog Stop and The Picklr Club among its other tenants. Part of Townline Square Shopping Center, which attracts more than 2 million visitors annually, the property is positioned at a signalized intersection with traffic counts exceeding 60,000 vehicles per day and is minutes from the $250 million redevelopment of Hawthorn Mall.
“The Sharko | Weisenbeck | Mendoza Group was the second broker to list this deal, speaking volumes for our proprietary database and Marcus’ platform,” said Austin Weisenbeck, senior managing director.
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 seller, an experienced real estate investor/developer in the Chicagoland area. The Sharko | Weisenbeck | Mendoza Group also procured the out-of-state buyer that was in a 1031-exchange. Dean Giannakopoulos, senior managing director, also based in the firm’s Chicago Oak Brook office, secured the financing.
“The transaction was executed with a regional lender, delivering a high-leverage structure, flexible prepayment, and a sub‑200 basis point spread that significantly improved overall execution and economics for the client,” said Giannakopoulos.
The 89,357-square-foot shopping center is situated on 7.48 acres at 1555 S. Lake St. Built in 2019, the property is anchored by LA Fitness, with Kids Empire, The Dog Stop and The Picklr Club among its other tenants. Part of Townline Square Shopping Center, which attracts more than 2 million visitors annually, the property is positioned at a signalized intersection with traffic counts exceeding 60,000 vehicles per day and is minutes from the $250 million redevelopment of Hawthorn Mall.
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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, 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.
