Press Releases
Marcus & Millichap Arranges Sale of Chicago-Area Medical-Anchored Retail Portfolio
September 28, 2026
LA GRANGE, Ill., Sept. 28, 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 three-building, medical anchored retail portfolio in downtown La Grange, for $6,345,000.
“This transaction generated significant investor interest despite the portfolio's near-term lease rollover, with 25 of the 30 tenants having less than two years remaining on their leases,” said Adrian Mendoza, senior managing director investments. “Buyers recognized the value of controlling an entire downtown block in a transit-oriented location directly across from the Stone Avenue Metra Station. The combination of a strong tenant roster, rent growth potential and an irreplaceable infill location ultimately drove a competitive bidding process.”
Mendoza, Sean Sharko and Austin Weisenbeck of the Sharko | Weisenbeck | Mendoza Group from Marcus & Millichap's Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a private investor who is a long-term owner of properties in La Grange.
Located at 500-522 W. Burlington Ave., the 34,279-square-foot, 12-suite portfolio spans an entire downtown block directly across from the Stone Avenue Metra Station. Long-operating tenants include Duly Health Care and Corte Dental, alongside national brands such as Rush Physical Therapy, Mathnasium and Berkshire Hathaway HomeServices.
“This transaction generated significant investor interest despite the portfolio's near-term lease rollover, with 25 of the 30 tenants having less than two years remaining on their leases,” said Adrian Mendoza, senior managing director investments. “Buyers recognized the value of controlling an entire downtown block in a transit-oriented location directly across from the Stone Avenue Metra Station. The combination of a strong tenant roster, rent growth potential and an irreplaceable infill location ultimately drove a competitive bidding process.”
Mendoza, Sean Sharko and Austin Weisenbeck of the Sharko | Weisenbeck | Mendoza Group from Marcus & Millichap's Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a private investor who is a long-term owner of properties in La Grange.
Located at 500-522 W. Burlington Ave., the 34,279-square-foot, 12-suite portfolio spans an entire downtown block directly across from the Stone Avenue Metra Station. Long-operating tenants include Duly Health Care and Corte Dental, alongside national brands such as Rush Physical Therapy, Mathnasium and Berkshire Hathaway HomeServices.
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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.
