MARCUS & MILLICHAP ARRANGES THE SALE OF A 10,004-SQUARE FOOT RETAIL PROPERTY
SPRING, Texas, September 2017 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Ella/Louetta Shopping Center, a 10,004-square foot retail property located in Spring, Texas, according to David H. Luther, first vice president/district manager of the firm’s Houston office. The asset had a listing price of $2,120,000.
Gus Lagos, first vice president investments, and Nik Kapetanakis, associate, in Marcus & Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was secured and represented Evan Altemus, associate in Marcus & Millichap’s The Woodlands office.
Ella/Louetta Shopping Center is located at 3930 Louetta Road in Spring, Texas.
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About Marcus & Millichap (NYSE: MMI)
With over 1,700 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 9,000 transactions in 2016 with a value of approximately $42.3 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com