MARCUS & MILLICHAP ARRANGES THE SALE OF A 11,803-SQUARE FOOT RETAIL PROPERTY
WEST ORANGE, Texas, July 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 Orange Marketplace, a 11,803-square foot retail property located at 3121 Edgar Brown Drive in West Orange, Texas, according to David H. Luther, first vice president/district manager of the firm’s Houston office. The property is 100 percent leased with five tenants including Mattress One, Advance America, GameStop and Time Warner Cable. It is shadow anchored to a Super Walmart. The asset had a list price of $3,300,000.
The buyer, a limited liability company, was represented by Jerry Goldstein, senior managing director investments, in Marcus & Millichap’s Houston office.
Orange Marketplace is located at 3121 Edgar Brown in West Orange.
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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