Marcus & Millichap Arranges Sale of 21,988 Square Foot Retail Property
PEARLAND, TEXAS, Sept. 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 West Pearland Plaza, a 21,988 square foot retail property located in Pearland, Texas, according to David H. Luther, vice president and regional manager of Marcus & Millichap’s Houston office. The asset had a list price of $2,600,000.
Alex Bouchard, an associate, and Gus Lagos, a senior associate, both in Marcus & Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller, a partnership. The buyer is a limited liability company, also secured by Lagos and Bouchard.
West Pearland Plaza is located at 5730 Broadway Street in Pearland.
# # #
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
UNITED STATES: · Atlanta ·Austin ·Bakersfield ·Birmingham ·Boise ·Boston ·Brooklyn ·Charleston ·Charlotte ·Charlotte Uptown ·Chicago Downtown ·Chicago Oak Brook ·Chicago O’Hare ·Cincinnati ·Cleveland · Columbia · Columbus ·Dallas ·Denver ·Detroit ·Encino ·Fort Lauderdale ·Fort Worth ·Fresno ·Houston ·Indianapolis ·Iowa ·Jacksonville ·Kansas City ·Lafayette ·Las Vegas ·Little Rock ·Long Beach ·Los Angeles ·Louisville ·Manhattan ·Memphis ·Miami ·Milwaukee ·Minneapolis ·Nashville ·New Haven ·New Jersey ·New Mexico · Newport Beach ·Oakland ·Oklahoma City ·Ontario ·Orlando ·Palo Alto ·Philadelphia ·Phoenix ·Pittsburgh · Portland · Providence · Raleigh ·Reno ·Sacramento ·Salt Lake City ·San Antonio ·San Diego ·San Francisco ·St. Louis ·Seattle ·Tampa ·The Woodland · Tucson ·Tulsa ·Washington, D.C. · West Los Angeles ·Westchester CANADA: · Calgary · Toronto · Vancouver