Retail N Illinois
Flagships and the suburbs driving retail in Chicago

Flagships and the suburbs driving retail in Chicago

A growing economy and corporate expansions have led to escalating household incomes, providing consumers increased discretionary funds. According to Marcus & Millichap’s latest market report, retailers have taken notice. Activity in the suburbs improved over the rest of the metro in the last year, while new flagship stores have come to or are planned for Chicago’s urban core.

Retail N Illinois
J.C. Anderson completes build-out for Merchandise Mart showroom

J.C. Anderson completes build-out for Merchandise Mart showroom

J.C. Anderson has completed an office renovation for Fortune Brands Global Plumbing Group (GPG) at the Merchandise Mart, 222 W. Merchandise Mart Plaza, Chicago. GPG is a division of Deerfield, Illinois-based Fortune Brands Home & Security, Inc. with a portfolio of global kitchen and bath brands including Moen, Riobel, Perrin & Rowe and The House of ROHL.

Retail N Illinois
High-traffic infill location sells in Berwyn for $1.3 million

High-traffic infill location sells in Berwyn for $1.3 million

Marcus & Millichap announced the sale of a 7,000-square foot retail property on a 31,000-square-foot lot located at 3745 S. Harlem Ave. in Berwyn, Illinois. The asset is located within an infill location near a high-visibility corner with traffic lights and excellent traffic counts, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. The asset sold for $1,300,000.