Marcus & Millichap Arranges the Sale of a 14,641 Square Foot Net Leased Property
SUGAR LAND, TEXAS, January 5, 2015– 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 a 14,641 square foot CVS drug store located in Sugar Land, Texas, according to David H. Luther, vice president/regional manager of Marcus & Millichap’s Houston office.
James H. Bell, a vice president of investments in Marcus & Millichap’s Houston office,secured the buyer, a private investor, who was in a 1031 exchange. The CVS was built in 2014 and is located at 4523 L.J. Parkway in Sugar Land.
# # #
About Marcus & Millichap (NYSE: MMI)
With over 1,300 investment 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 6,600 transactions in 2013 with a value of approximately $24 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