Marcus & Millichap Arranges Sale of 14,670-SF Houston Retail Property
HOUSTON, TX, June 4, 2014– 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 Kayvon Plaza II, a 14,670-square-foot retail property located in Houston, according to David H. Luther, Vice President/Regional Manager of Marcus & Millichap’s Houston Office. The asset had a list price of $3,690,000.
Gus Lagos, a Senior Associate in Marcus & Millichap’s Houston office and Alex Bouchard, an Associate in Marcus & Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller, a partnership. The buyer, a limited liability company, was also secured and represented by Lagos and Bouchard.
Kayvon Plaza II is located at 15445 Memorial Drive in Houston.
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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
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