MARCUS & MILLICHAP ARRANGES THE SALE OF A 36,645-SQUARE FOOT RETAIL PROPERTY
HOUSTON, Texas, June 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 Copper Grove Shopping Center, a 36,645-square foot retail property located at the northwest corner of Highway 6 North and Huffmeister Road near Highway 290 in Houston, Texas, according to David H. Luther, first vice president/district manager of the firm’s Houston office.
Tenants include Spec’s Liquor, Pinch A Penny, Boost Mobile and a number of medical practices. It has a prime location just north of the 1,800 acre Copperfield Master Planned Community on a corner where both of its streets intersect with Highway 290. The property has 14 tenants and is 100 percent leased.
The asset had a list price of $8,220,000.
Jerry Goldstein, senior managing director investments, in Marcus & Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller, a partnership.
Copper Grove Shopping Center is located at 8955 Highway 6 North in Houston.
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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