Marcus & Millichap Inc.
12/05/2025 | Press release | Distributed by Public on 12/05/2025 16:24
Marcus & Millichap Arranges $4M Sale of Two-Property Industrial Portfolio in Illinois and Indiana
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Marcus & Millichap Arranges $4M Sale of Two-Property Industrial Portfolio in Illinois and Indiana
December 05, 2025
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ILLINOIS & INDIANA, Dec. 3, 2025 - 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 two-property industrial portfolio located in Princeville, Illinois, and Lafayette, Indiana. The portfolio sold for $4 million.
"This transaction highlights a growing trend of cross-sector investment," said Peter Doughty, managing director investments. "The buyer, a seasoned multifamily investor completing a 1031 exchange, saw this as an opportunity to diversify into the industrial sector. It's a strong indication that investor confidence in industrial remains high, even among those traditionally focused on other asset classes."
Doughty and Brandon Houghtaling, investment specialists in Marcus & Millichap's Chicago Downtown office, in association with Josh Caruana, the firm's Indiana broker of record, had the exclusive listing to market the properties on behalf of the seller. Dan Yozwiak and Darpan Patel, of the firm's Columbus and Tampa offices, procured the buyer.
The portfolio includes a 51,000-square-foot industrial facility at 610 S. Walnut St. in Princeville and a 38,700-square-foot facility at 3517 Crouch St. in Lafayette. Both properties are fully leased to FCA Packaging, a national provider of heavy-duty industrial packaging solutions for global OEMs.
"This transaction highlights a growing trend of cross-sector investment," said Peter Doughty, managing director investments. "The buyer, a seasoned multifamily investor completing a 1031 exchange, saw this as an opportunity to diversify into the industrial sector. It's a strong indication that investor confidence in industrial remains high, even among those traditionally focused on other asset classes."
Doughty and Brandon Houghtaling, investment specialists in Marcus & Millichap's Chicago Downtown office, in association with Josh Caruana, the firm's Indiana broker of record, had the exclusive listing to market the properties on behalf of the seller. Dan Yozwiak and Darpan Patel, of the firm's Columbus and Tampa offices, procured the buyer.
The portfolio includes a 51,000-square-foot industrial facility at 610 S. Walnut St. in Princeville and a 38,700-square-foot facility at 3517 Crouch St. in Lafayette. Both properties are fully leased to FCA Packaging, a national provider of heavy-duty industrial packaging solutions for global OEMs.
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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, 2024, the company had 1,712 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 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit https://www.MarcusMillichap.com.
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