Marcus & Millichap Sells Fully Occupied Palatine Office Property For $5M

Marcus & Millichap has sold Palatine Center, a 46,095 sq ft office property located at 865-909 East Wilmette Road in Palatine, Illinois. The fully occupied single-story campus consists of three buildings and is anchored by a specialized school. The property was sold for $5 million.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $5,000,000
• Square Footage: 46,095 sq ft
• Price per Square Foot: $108
• Address: 865-909 East Wilmette Road, Palatine, Illinois
• Market: Palatine

Tammy Saia and Tami Andrew of Marcus & Millichap's Chicago Oak Brook office represented the seller in this transaction. The buyer was a Texas-based limited liability company.