CHICAGO-NRC Realty & Capital Advisors LLC, based here, hasbeen retained in the sale of nine retail properties currently inforeclosure in California, Delaware and Pennsylvania. Thefacilities total almost 20,000 square feet, and include gasstations and convenience stores.

Evan Gladstone, managing director of NRC, tells GlobeSt.com thata national lender hired his company to auction the sites. The biddeadline is Sept. 30. “The number of commercial properties beingsurrendered to lenders is definitely increasing,” Gladstonesays.

GRAYSLAKE, IL-Marcus & Millichap Real Estate InvestmentServices has arranged the sale of Swanson Corners Retail Center, a100% occupied retail center here. According to Gregory A. LaBerge,regional manager of the firm’s Chicago office, the asset sold for$1.2 million, which represents a cap rate on current net operatingincome of 8.34%. Demetrie Livaditis, an associate in the firm’sChicago office, represented the seller, the center’s developer.Built in 1995 at 1276 North Illinois Route 83, the property is a5,500-square-foot retail center that is currently leased to threetenants: 7-Eleven, Papa John’s Pizza and Village II Cleaners.