MARCUS & MILLICHAP ARRANGES THE SALE OF A 77,553-SQUARE FOOT RETAIL PROPERTY
HOUSTON, 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 Inwood Forest Shopping Center, a 77,553-square foot Foodarama Grocery Store anchored retail property at the Northeast Corner of Antoine and Victory in Houston, Texas, according to David H. Luther, first vice president/ district manager of the firm’s Houston office.
Jerry Goldstein, a Senior Vice President Investments, in Marcus & Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller, Brixmor Property Group (NYSE: BRX). The property built in 1985 features a tenant lineup that includes a new UT Physicians Clinic, City Gear and Wingstop. It is approximately 96 percent occupied. The buyer, a limited liability company, was secured and represented by Jerry Goldstein.
Inwood Forest Shopping Center is located at 7320-7372 Antoine Drive in Houston.
# # #
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