Marcus & MIllichap Arranges the Sale of a 55,022 Square-Foot Retail Property
MISSOURI CITY, TX – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment service firm with offices throughout the United States and Canada, has announced the sale of Colony Plaza Shopping Center, a 55,022 square-foot retail property located in Missouri City, TX, according to David H. Luther, regional manager of the firm’s Houston office. The asset’s list price was $8,400,000.
Jerry Goldstein, First Vice President, Investments in Marcus & Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller, a private investor.
Colony Plaza Shopping Center is located at 4811 Highway 6 South at the signalized intersection with Dulles Avenue in Missouri City, TX. The property, a former Albertson’s Grocery Store, was reconfigured in 2004 to accommodate three tenants. The Star Cinema Movie Grille and its popular dine-in movie concept is the anchor.