{"id":1004332736,"date":"2019-06-24T04:31:21","date_gmt":"2019-06-24T12:31:21","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004332736"},"modified":"2025-02-27T22:37:41","modified_gmt":"2025-02-28T06:37:41","slug":"marcus-millichap-arrange-sale-of-suburban-chicago-retail-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-arrange-sale-of-suburban-chicago-retail-asset\/","title":{"rendered":"Marcus &amp; Millichap Arranges Sale of Suburban Chicago Retail Asset"},"content":{"rendered":"<div id=\"attachment_1004332751\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Bluestone-Commons.png\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004332751\" data-attachment-id=\"1004332751\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-arrange-sale-of-suburban-chicago-retail-asset\/bluestone-commons\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Bluestone-Commons.png\" data-orig-size=\"800,620\" 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;0&quot;}\" data-image-title=\"Bluestone Commons\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Bluestone Commons&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Bluestone-Commons.png?w=800\" loading=\"lazy\" class=\"size-medium wp-image-1004332751\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Bluestone-Commons.png\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Bluestone-Commons.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Bluestone-Commons.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Bluestone-Commons.png?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004332751\" class=\"wp-caption-text\">Bluestone Commons. <em>Image via Google Street View<\/em><\/p><\/div>\n<p>A team of Marcus &amp; Millichap brokers has arranged the sale of Bluestone Commons, a 36,025-square-foot retail property in New Lenox, Ill., to a Canadian real estate firm, for $4.6 million. First Vice President Adrian Mendoza and Senior Vice Presidents Austin Weisenbeck and Sean Sharko marketed the property on behalf of the seller and also represented the buyer. Senior Vice President of capital markets Dean Giannakopoulos provided the long-term, non-recourse acquisition financing.<\/p>\n<p>Bluestone Commons is located at 2351-2499 E. Joliet Highway, off the recently widened Route 30 and <a href=\"https:\/\/www.commercialsearch.com\/news\/il-dual-tenant-retail-asset-changes-hands\/\">part of a strong retail corridor<\/a>. The property was 96 percent occupied at the time of the sale. Shadow-anchored by Lowe\u2019s and Target, the property is also home to two local medical users, Integrated Physical Medicine and Dr. Gibbon\u2019s office, as well as a number of health and specialist users including Beast Training, Jung\u2019s Champion Taekwondo and Turning Point Dance.<\/p>\n<p>The retail asset serves a 3-mile radius population of more than 40,000 with an average income of more than $130,000.<\/p>\n<p><em>If you\u2019d like to be featured in Brokers\u2019 Corner, send your deal to&nbsp;<a href=\"mailto:deals@cpe-mhn.com\"><strong>deals@cpe-mhn.com<\/strong><\/a>.<\/em>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Adrian Mendoza, Austin Weisenbeck and Sean Sharko marketed the property on behalf of the seller and also represented the buyer of Bluestone Commons.<\/p>\n","protected":false},"author":30,"featured_media":1004332751,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21743,21783,13,21742,21749],"tags":[38330,36399,34836,34545],"class_list":["post-1004332736","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-deals","category-investment","category-midwest","category-latest","category-retail","tag-austin-weisenbeck","tag-lowes","tag-marcus-millichap","tag-target-corporation"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Marcus &amp; Millichap Arranges Sale of Suburban Chicago Retail Asset - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-arrange-sale-of-suburban-chicago-retail-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Marcus &amp; Millichap Arranges Sale of Suburban Chicago Retail Asset\" \/>\n<meta property=\"og:description\" content=\"Adrian Mendoza, Austin Weisenbeck and Sean Sharko marketed the property on behalf of the seller and also represented the buyer of Bluestone Commons.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-arrange-sale-of-suburban-chicago-retail-asset\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-24T12:31:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-28T06:37:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Bluestone-Commons.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Roxana Baiceanu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-arrange-sale-of-suburban-chicago-retail-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-arrange-sale-of-suburban-chicago-retail-asset\/\",\"name\":\"Marcus &amp; 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