Marcus & Millichap Arranges The Sale Of A 19,073-Square Foot Industrial Building
BENSENVILLE, ILLINOIS, October 12, 2021 – 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 500 Frontier Way, Bensenville, Illinois, a 19,073-square foot, vacant industrial property located in Bensenville, Illinois, according to Tim A. Speck, division manager of the firm’s Dallas office.
Adam Abushagur, senior managing director investments, Tyler Sharp, senior associate, and Jack Brown, associate, had the exclusive listing to market the property on behalf of the seller, an owner user. The buyer, an owner-user, was also procured by Abushagur, Sharp, and Brown.
“In terms of marketing, the building’s layout proved to be a challenge. However, we were able to procure an owner-user who was perfectly suited for the space,” commented Brown.
“Our team responded to a deferred maintenance issue with the roof by negotiating a settlement where the seller credited the buyer for repairs,” said Sharp.
“It was our pleasure working with both buyer and seller on this transaction where both parties benefitted,” said Abushagur.
500 Frontier Way is located in Bensenville, Illinois. The subject property is situated on 0.98 acres of land and was built in 1988.
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About Marcus & Millichap (NYSE: MMI)
With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.