Marcus & Millichap Inc.
07/01/2026 | Press release | Distributed by Public on 07/01/2026 15:41
Marcus & Millichap Arranges $2.56M Sale of Three-Tenant Retail Center in McHenry, Ill.
Press Releases
Marcus & Millichap Arranges $2.56M Sale of Three-Tenant Retail Center in McHenry, Ill.
July 01, 2026
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MCHENRY, Ill., July 1, 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 Diamond Plaza, a three-tenant retail center anchored by Verizon Wireless and Biggby Coffee, in McHenry, Illinois. The property sold for $2,561,596.
"This marks the second time the Sharko | Weisenbeck | Mendoza Group has brokered the sale of Diamond Plaza in a 10-year period, underscoring our team's long-term market knowledge and relationships," said Adrian Mendoza, senior managing director investments. "Although Verizon Wireless, which represents approximately 55% of the property's base rent, had only 18 months remaining on its lease at the time of sale, the center's location in the heart of McHenry's Richmond Road retail corridor and its stable tenancy generated strong buyer interest."
Mendoza, Sean Sharko and Austin Weisenbeck, investment specialists in Marcus & Millichap's Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a family trust, and procured the buyer, a private investment group.
The 7,035-square-foot retail center is located at 3501-3523 Diamond Drive. Built in 2009, the fully occupied property is occupied by Verizon Wireless, which has operated at the center since 2009 under a corporate guarantee; Biggby Coffee, which signed a new lease in 2024; and Lacey's Place, which has operated at the center since 2017. Positioned along McHenry's Route 31 retail corridor, the center is surrounded by national retailers including Walmart Supercenter, The Home Depot and Meijer.
"This marks the second time the Sharko | Weisenbeck | Mendoza Group has brokered the sale of Diamond Plaza in a 10-year period, underscoring our team's long-term market knowledge and relationships," said Adrian Mendoza, senior managing director investments. "Although Verizon Wireless, which represents approximately 55% of the property's base rent, had only 18 months remaining on its lease at the time of sale, the center's location in the heart of McHenry's Richmond Road retail corridor and its stable tenancy generated strong buyer interest."
Mendoza, Sean Sharko and Austin Weisenbeck, investment specialists in Marcus & Millichap's Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a family trust, and procured the buyer, a private investment group.
The 7,035-square-foot retail center is located at 3501-3523 Diamond Drive. Built in 2009, the fully occupied property is occupied by Verizon Wireless, which has operated at the center since 2009 under a corporate guarantee; Biggby Coffee, which signed a new lease in 2024; and Lacey's Place, which has operated at the center since 2017. Positioned along McHenry's Route 31 retail corridor, the center is surrounded by national retailers including Walmart Supercenter, The Home Depot and Meijer.
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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 https://www.MarcusMillichap.com.
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