MARCUS & MILLICHAP ARRANGES THE SALE OF A 18,412-SQUARE-FOOT RETAIL PROPERTY
BRYAN, TEXAS, June 26, 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 Mid Town Center, a 18,412-square-foot retail property located at 3800 South Texas Avenue in Bryan, Texas, according to Craig R. Swanson, regional manager of the firm’s Austin office.
Michael Buckner, first vice president investments, and Richard A. Mireles, senior associate, of Marcus & Millichap’s Austin office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a private investor, was secured and represented by Gus Lagos, vice president investments, and Evan Altemus, associate, of Marcus & Millichap’s Houston office.
Built in 1969, Mid Town Center is located in south Bryan and is approximately one mile away from Texas A&M University. With a mix of national and local tenants, the property has an occupancy of approximately 85 percent
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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