Marcus & Millichap Arranges the Sale of a 20,340-Square-Foot Retail Property
CYPRESS, TEXAS, January 19, 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 Northlake Forest Shopping Center, a 20,340-square-foot retail property located in Cypress, according to David H. Luther, vice president/regional manager of Marcus & Millichap’s Houston office. The asset had a list price of $3,653,000.
Watt Harrison, an associate, and James H. Bell, a vice president investments, both in Marcus & Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller, a partnership. The buyer, a private investor, was also secured and represented by Bell and Harrison.
Northlake Forest Shopping Center is located at 15210 Spring Cypress Road in Cypress.
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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