Marcus & Millichap Brokers Sale Of Westchester Office To Village For $1.8M

The property involved in the transaction is a 2.98-acre plot of land located at 1107 S Mannheim Rd in Westchester, Illinois. The asset, an office building, was sold for $1,800,000.00.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $1,800,000.00
• Address: 1107 S Mannheim Rd, Westchester, IL
• Market: Westchester

Marcus & Millichap, through the efforts of Richard Kozarits, Tammy Saia, and Tami Andrew from the Chicago Oak Brook office, were crucial in negotiating the sale of the property. The buyer, Village of Westchester, was represented by Richard Kozarits. The seller, a private investor, was undisclosed. The acquisition by the Village of Westchester will enable a larger redevelopment site that includes the current Village Hall property.