Press Releases
Marcus & Millichap Arranges The Sale Of A Chase Bank Anchored Center In South Holland, Illinios
June 26, 2023Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of a two-tenant retail property located in South Holland, IL, according to Steven Weinstock, regional manager of the firm’s Chicago offices. The asset sold for $1,905,000.
Ashish Vakhariya, Seth Haron, and Darin Gross, investment specialists in Marcus & Millichap’s Detroit office, facilitated the transaction on behalf of the sellers. “The property was anchored by Chase Bank, and accompanied by CD One Price Cleaners. Chase Bank recently executed a lease extension and has a strong deposit base. CD One Price Cleaners is a dry-cleaning franchise with over 40 locations.” says Ashish Vakhariya, Senior Vice President Investments & Director, National Retail Group/Net Leased Properties Group. “Our marketing efforts resulted in transacting with a 1031 buyer.”
In the past twenty-four months, Ashish Vakhariya, Seth Haron, and Darin Gross have sold or have under contract to sell over $233.9 Million of retail and medical office investment properties throughout numerous states spanning the eastern half of the U.S. and beyond.
