Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Westown, an 83-unit apartment property located in Belleville, Ill., according to David G. Bradley, regional manager of the firm’s Chicago Downtown office. The asset sold for $1,800,000.
Bradley Barham, a senior associate, and Jeffrey Colona, an associate, in Marcus & Millichap’s Chicago Downtown and St. Louis offices, had the exclusive listing to market the property on behalf of the seller. The buyer was secured and represented by John T. Solari, an associate in Marcus & Millichap’s Chicago Downtown office.
The five-building property is located at 3908 W. Main St in Belleville. Westown is all one-bedroom/one-bathroom averaging 650 square feet, respectively.
About Marcus & Millichap
With over 1,800 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 over 9,000 transactions in 2017 with a value of approximately $42.2 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.
