Press Release brought to you by Marcus & Millichap

Marcus & Millichap Arranges Sale of 55,521SF Business Park in Houston

05/22/2014

HOUSTON, TX, April 12, 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 Arbor Square, a 55,521-square-foot business park in Houston, TX, according to David H. Luther, Vice President/Regional Manager of Marcus & Millichap’s Houston office. The asset had an undisclosed list price and generated interest from both local and out of state investors.

Justin Miller, a Senior Associatein Marcus & Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller, a Houston based partnership.  The buyer, a private 1031 investor, was secured and represented by Derek Hargrove, a Senior Associate in Marcus & Millichap’s Houston office. 

Arbor Square is located at 17000 El Camino Real in Houston, TX on a large 3.61 acre corner parcel across from the HEB grocery store at Bay Area Boulevard and El Camino Real.

#     #     #

 

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 · 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

05/22/2014 - 09:30

Source

Marcus & Millichap

Want more news about Marcus & Millichap? Click here