Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, has successfully arranged $4,095,000 in financing for the acquisition of a retail strip center and adjacent office property in Tinley Park, Illinois.
Dean Giannakopoulos, Senior Managing Director in MMCC’s Chicago office, secured the financing with a Midwest regional credit union on behalf of a private client.
“Our team worked diligently to meet our client’s needs and secured a 5-year loan with attractive terms, including partial recourse and high leverage,” said Giannakopoulos.
The retail property, located at 7301 West 183rd Street, is anchored by Buffalo Wild Wings and includes several other restaurants. Tenants of the adjacent office property, located at 18311 N. Creek Drive, include a dentist’s office, medical spa, a mortgage lending office, an engineering consultant office and an attorney office.
The properties are conveniently situated near Interstate 80 and are in close proximity to Union 1 Amphitheater, Tinley Park Convention Center and several hotels.
