Just Closed: 360 North State Street

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CHICAGO, Ill., March 25, 2019 Marcus & 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 32,000-square foot office property located at 360 N. State Street in Chicago, Ill., according to David G. Bradley, regional manager of the firm’s Chicago Downtown office. After over 20 property tours and multiple competing offers, floors three and four sold for $6,000,000.  The buyer plans to renovate and reposition the property.

Kyle A. Stengle, senior vice president investments, and Stephen Lieberman, first vice president investments, in Marcus & Millichap’s Chicago Downtown office, exclusively marketed the property on behalf of the seller. 

Just Sold - 3426 North Southport Avenue

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CHICAGO, Ill., Nov. 2018 Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of 3426 N. Southport Ave., a 6,100-square-foot mixed-use property located in Chicago’s Lakeview neighborhood according to David G. Bradley, regional manager of the firm’s Chicago Downtown office. The asset sold for $3,450,000.

Kyle A. Stengle, a senior vice president investments, in Marcus & Millichap’s Chicago Downtown office, had the exclusive listing to market the property on behalf of the seller.

The property is located at 3426 N. Southport Avenue along the high-demand Southport retail corridor. The property features high-end construction, private decks with skyline views, quartz countertops and hardwood floors.  The national retail tenant has a long-term lease with annual rent increases. 

 MarketWatch

Week Ending November 16, 2018

Marcus & Millichap

 

Mixed-use Lakeview building sells for $3.7 million
RE Journals — November 09, 2018
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Joseph Naper building sold for $3.65M
Daily Herald Business Ledger — November 09, 2018
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It's official: Amazon commits to LIC
Real Estate Weekly — November 13, 2018
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Rent Control Advocates Continue Battle for Regulation, Despite Defeat of California’s Proposition 10
National Real Estate Investor — November 13, 2018
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Past Week News 

Libertyville thrift store moves to bigger space with better selection
Daily Herald (Chicago Suburban) — November 09, 2018
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Rosemont, Illinois Lands Its First Boutique Hotel, The Rose, as Part of Hilton’s Tapestry Collection
Hotel Online — November 14, 2018
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Panattoni to Develop 764,895 SF Speculative Warehouse in Aurora, Illinois
REBusinessOnline — November 15, 2018
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Developer wants to build townhouses on Mundelein's northwest side
Daily Herald Business Ledger — November 14, 2018
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BBQ Supply Co. closing original Rogers Park location 
Palatine Countryside — November 13, 2018
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Sears to close another 40 stores
Daily Herald Business Ledger — November 09, 2018
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St. Charles Lowe's Home Improvement store will remain open
kcchronicle.com — November 14, 2018
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US retail sales up in October, but analysts predict slowdown
Long Island Business News — November 15, 2018
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Ford, Walmart test self-driving grocery delivery service
Chicago Sun-Times — November 14, 2018
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 Big question for Amazon's 2 chosen cities: Will it pay off?
The Las Vegas Sun — November 14, 2018
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 As Macy's shrinks its stores, CEO Jeff Gennette says this is what he will do with the extra space
CNBC - Real Estate — November 14, 2018
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 Hasbro Licenses Brands For Immersive Family Entertainment Centers
Bisnow — November 13, 2018
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 Why the Sharing Economy Has Come to Apparel
Adfreak — November 12, 2018
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Market Watch

Chicago

MarketWatch

Week Ending November 09, 2018

 

For the latest Marcus & Millichap research reports, please visit the Research Services website. Also available is our new Research Brief blog, which offers timely insight and expertise into the rapidly changing investment real estate industry on a weekly basis.

Marcus & Millichap

Marcus & Millichap arrange sale of Macomb self-storage facility

RE Journals - November 05, 2018

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Des Plaines plaza sold for $6.4M

Daily Herald Business Ledger - November 06, 2018

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Apartment property sold for $2.4 million

Daily Herald Business Ledger - November 05, 2018

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Sale-leaseback deals help unlock 'untapped value'

Hotel News Now - November 02, 2018

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Investors Optimistic About Tax Reform, Wary of Interest Rates

Commercial Property Executive - November 08, 2018

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Past Week News

 

The RoomPlace opening Friday at Gurnee Mills

Daily Herald Business Ledger - November 06, 2018

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ALDI Opens New Store On Weber Road

Bolingbrook, IL Patch - November 08, 2018

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Old Navy Opens In Morgan Park

Beverly-MtGreenwood, IL Patch - November 08, 2018

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Ferrara Candy Co. eyes Old Main Post Office as new HQ

Chicago Sun-Times - November 05, 2018

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CCU Celebrates Grand Opening of New Service Center in Kildeer, Illinois

Daily Herald Business Ledger - November 08, 2018

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Honeygrow to close five locations, including all three in Chicago

Philadelphia Inquirer - Business News - November 08, 2018

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Hilton Opens Tri-Brand Hotel in Chicago; More U.S. Openings

Hotel Business Magazine - November 08, 2018

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Vicostone moving from Elk Grove to Bensenville

Daily Herald Business Ledger - November 07, 2018

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Interest rates could hit new decade high even if Fed does nothing at its meeting

CNBC - November 08, 2018

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US shoppers will spend over $1 trillion this holiday season for the first time ever

Quartz - November 06, 2018

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Lowe's To Shutter Underperforming Stores In U.S., Canada
Bisnow - November 06, 2018
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US job openings dip but still exceed number of unemployed

Boston Herald - November 07, 2018

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Housing sentiment tumbles to lowest in a year, as more say now is not a good time to buy

CNBC - Real Estate - November 07, 2018

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Just Sold - 926-928 West George Street

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CHICAGO, Ill., November 2018 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of a 13-unit apartment property located in Chicago, Ill., according to David G. Bradley, regional manager of the firm’s Chicago Downtown office. The asset sold for $3,875,000.

Kyle A. Stengle, senior vice president investments in Marcus & Millichap’s Chicago Downtown office, exclusively marketed the property on behalf of the seller. The buyer was represented by Stengle and Duke Wang, an associate.

The property is located at 926-928 W. George St. in Chicago’s Lakeview neighborhood. The 100 percent occupied building was recently renovated and features in-unit laundry and parking in rear.