MARCUS & MILLICHAP ARRANGES THE SALE OF A 15,500-SQUARE FOOT MIXED-USE PROPERTY
GALVESTON, TEXAS, March 2018 – 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 2111 Post Office, a 15,500-square foot mixed-use property located in downtown Galveston, Texas, according to David H. Luther, First Vice President/District Manager of the firm’s Houston office. The asset had a listing price of $1,200,000.
Derek Hargrove, First Vice President Investments in Marcus & Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.
2111 Post Office is located in the heart of the Galveston CBD along the walkable shopping corridor along Post Office Street, offering consumers fine art galleries, boutique jewelry stores, antiques, and excellent restaurants.
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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