Press Release brought to you by Marcus & Millichap

Marcus & Millichap Arranges Sale of Houston Net-Leased Property

04/17/2014

HOUSTON, TX, April 15, 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 913 Westheimer, a 2,000 square foot net leased property located in Houston, TX, according to David H. Luther, Vice President/Regional Manager of Marcus & Millichap’s Houston office.

Derek Hargrove, a Senior Associate in Marcus & Millichap’s Houston office, procured the sale on behalf of the seller off market. 

The property was a NNN leased Smoothie King at the hard corner of Westheimer and Montrose Boulevard within Houston’s inner loop and along the prized lower Westheimer corridor in Montrose. The property is shadowed by two newly planned Class A multifamily projects with quarter four kick off dates.

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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

 

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04/17/2014 - 08:52

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Marcus & Millichap

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