Press Releases
Marcus & Millichap Arranges $7M Sale of 5.9-Acre Industrial Property in West Chicago
July 16, 2026
WEST CHICAGO, July 16, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a 23,000-square-foot single-tenant industrial property in West Chicago, Illinois. The property sold for $7 million.
“This transaction achieved the highest price per square foot and highest price per acre recorded for an industrial property in DuPage County over the past 12 months, underscoring the exceptional demand for well-located logistics assets in the market,” said Kellan Gilmartin, associate director investments. “DuPage County remains one of the most sought-after industrial submarkets in Illinois and across the country, and limited opportunities for new development due to land constraints, construction costs and zoning challenges continue to support long-term value growth.”
Gilmartin, investment specialist in Marcus & Millichap's Chicago Oak Brook office, facilitated the transaction involving two Illinois-based investors.
The property is situated on 5.9 acres in DuPage County and is occupied by TKO Logistics Inc., a freight and cargo service company. Located in one of the nation’s most competitive industrial markets, the asset benefits from strong demand from logistics and transportation users, limited land availability and significant barriers to new development.
“This transaction achieved the highest price per square foot and highest price per acre recorded for an industrial property in DuPage County over the past 12 months, underscoring the exceptional demand for well-located logistics assets in the market,” said Kellan Gilmartin, associate director investments. “DuPage County remains one of the most sought-after industrial submarkets in Illinois and across the country, and limited opportunities for new development due to land constraints, construction costs and zoning challenges continue to support long-term value growth.”
Gilmartin, investment specialist in Marcus & Millichap's Chicago Oak Brook office, facilitated the transaction involving two Illinois-based investors.
The property is situated on 5.9 acres in DuPage County and is occupied by TKO Logistics Inc., a freight and cargo service company. Located in one of the nation’s most competitive industrial markets, the asset benefits from strong demand from logistics and transportation users, limited land availability and significant barriers to new development.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
