Marcus & Millichap Arranges $5.8M Sale of Industrial Property in Wheeling, Illinois

Reuters
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Marcus & Millichap Arranges $5.8M Sale of Industrial Property in Wheeling, Illinois

Marcus & Millichap Inc., a prominent commercial real estate brokerage firm, has successfully arranged the sale of a 72,000-square-foot industrial property located at 100 Chaddick Drive in Wheeling, Illinois. The transaction, valued at $5.8 million, was announced on April 30, 2025. The property, built in 1990 and occupying 3.98 acres, offers strong regional connectivity and access to a diverse labor pool. This sale underscores the high investor demand for well-located and functional industrial assets in established submarkets like Wheeling. Marcus & Millichap's Peter Doughty, from the firm's Chicago Downtown office, represented the seller and secured a private out-of-state investor as the buyer.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marcus & Millichap Inc. published the original content used to generate this news brief on April 30, 2025, and is solely responsible for the information contained therein.

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