MARCUS & MILLICHAP ARRANGES THE SALE OF A 9,059-SQUARE-FOOT RETAIL PROPERTY
BROWNWOOD, TEXAS, April 1, 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 Commerce Plaza, a 9,059-square-foot retail property located in Brownwood, Texas, according to Craig R. Swanson, regional manager of the firm’s Austin office.
Richard A. Mireles and Michael Buckner, investment specialists in Marcus & Millichap’s Austin office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust.
Commerce Plaza is located at 551-557 West Commerce Street in Brownwood, Texas and is a 9,059-square-foot, multi-tenant retail center in Brownwood, Texas. The center has excellent visibility on US Route 84, the main retail corridor for Brownwood, with approximately 22,000 vehicles per day. The center sits in front of Commerce Square (164,000-square-foot shopping center) and is two blocks away from a Walmart Supercenter and Home Depot.
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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