{"id":1004181564,"date":"2017-06-22T07:33:16","date_gmt":"2017-06-22T15:33:16","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004181564"},"modified":"2022-12-04T19:14:57","modified_gmt":"2022-12-05T03:14:57","slug":"millennium-properties-brokers-sale-of-two-retail-centers","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/millennium-properties-brokers-sale-of-two-retail-centers\/","title":{"rendered":"Millennium Properties Brokers Sale of Two Retail Centers"},"content":{"rendered":"<p>By Roxana Baiceanu<\/p>\n<p>Millennium Properties R\/E closed on the transaction of two suburban <a href=\"https:\/\/www.commercialsearch.com\/news\/chicagos-ashland-wellington-plaza-sells-for-10-m\/\">Chicago shopping centers<\/a> totaling 19,567 square feet. Both properties are fully leased. Vice President Chet Evans brokered the sale of the Barrington retail center, while Brad Thompson, also a vice president with the company, negotiated the sale of the Elmhurst property.<\/p>\n<p>\u201c<em>Both of these properties feature a strong location within each suburb as well as a desirable mix of local businesses and well-known brands,<\/em>\u201d Evans said in prepared remarks.<\/p>\n<h2>A strong tenant roster<\/h2>\n<div style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/121-141-S.-Northwest-Highway-Barrington-Ill..jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" data-attachment-id=\"1004181568\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/millennium-properties-brokers-sale-of-two-retail-centers\/121-141-s-northwest-highway-barrington-ill\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/121-141-S.-Northwest-Highway-Barrington-Ill..jpg\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"121-141 S. Northwest Highway, Barrington, Ill.\" data-image-description=\"&lt;p&gt;121-141 S. Northwest Highway, Barrington, Ill.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;121-141 S. Northwest Highway, Barrington, Ill.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/121-141-S.-Northwest-Highway-Barrington-Ill..jpg?w=800\" loading=\"lazy\" class=\"wp-image-1004181568 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/121-141-S.-Northwest-Highway-Barrington-Ill..jpg\" alt=\"121-141 S. Northwest Highway, Barrington, Ill.\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/121-141-S.-Northwest-Highway-Barrington-Ill..jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/121-141-S.-Northwest-Highway-Barrington-Ill..jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/121-141-S.-Northwest-Highway-Barrington-Ill..jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p class=\"wp-caption-text\">121-141 S. Northwest Highway, Barrington, Ill.<\/p><\/div>\n<p>One of the transactions includes\u00a0a two-building, 9,800-square-foot retail center located at 121-141 S. Northwest Highway in Barrington, Ill., just off the intersection of Lake Cook Road and Northwest Highway. The tenant roster comprises names such as JC Licht, a Benjamin Moore retailer and Farmers Insurance. The property is next to a CVS store and close to the Barrington Metra station.<\/p>\n<h2>A mix of retail and office space<\/h2>\n<div style=\"width: 310px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/110-112-W.-Park-Ave.-Elmhurst-Ill..jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" data-attachment-id=\"1004181569\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/millennium-properties-brokers-sale-of-two-retail-centers\/110-112-w-park-ave-elmhurst-ill\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/110-112-W.-Park-Ave.-Elmhurst-Ill..jpg\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"110-112 W. Park Ave., Elmhurst, Ill.\" data-image-description=\"&lt;p&gt;110-112 W. Park Ave., Elmhurst, Ill.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;110-112 W. Park Ave., Elmhurst, Ill.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/110-112-W.-Park-Ave.-Elmhurst-Ill..jpg?w=800\" loading=\"lazy\" class=\"wp-image-1004181569 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/110-112-W.-Park-Ave.-Elmhurst-Ill..jpg\" alt=\"110-112 W. Park Ave., Elmhurst, Ill.\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/110-112-W.-Park-Ave.-Elmhurst-Ill..jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/110-112-W.-Park-Ave.-Elmhurst-Ill..jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/110-112-W.-Park-Ave.-Elmhurst-Ill..jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p class=\"wp-caption-text\">110-112 W. Park Ave., Elmhurst, Ill.<\/p><\/div>\n<p>The second transaction involved a 9,667-square-foot building located at 110-112 W. Park Ave. in Elmhurst, Ill. The property is next to the Elmhurst Metra station and features a mix of retail, restaurant and office space. It is fully leased to Lou Malnati\u2019s pizza restaurant, an architecture firm and a salon.<\/p>\n<p><em>Images courtesy of Millennium Properties<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The properties total more than 19,500 square feet of retail, restaurant and office space and are located in Barrington and Elmhurst, two Chicago suburbs. <\/p>\n","protected":false},"author":1064,"featured_media":1004181568,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21743,13,21742,21749],"tags":[36340,35939,36339],"class_list":["post-1004181564","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-deals","category-midwest","category-latest","category-retail","tag-benjamin-moore","tag-farmers-insurance","tag-millennium-properties-re"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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