MARCUS & MILLICHAP ARRANGES THE SALE OF A 41,161-SQUARE-FOOT RETAIL PROPERTY
GRANBURY, TEXAS, December 5, 2016 – 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 Avalon Town Center, a 41,161-square-foot retail property located at 1030 East Highway 377 in Granbury, Texas, according to Craig R. Swanson, regional manager of the firm’s Austin office.
Michael Buckner and Richard A. Mireles, investment specialists in Marcus & Millichap’s Austin office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.
Built in 2002, Avalon Town Center is on a 4.6-acre lot of land with multiple national tenants.
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About Marcus & Millichap (NYSE: MMI)
With over 1,600 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 8,700 transactions in 2015 with a value of approximately $37.8 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