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Marcus & Millichap Arranges Sale of Houston Shopping Center

05/29/2014

HOUSTON, TX, May 14, 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 290 Crossing, a 6,856-square-foot shopping center located in Houston, according to David H. Luther, Vice President/Regional Manager of Marcus & Millichap’s Houston office. The asset was listed at $2,348,000.

Justin Miller and Derek Hargrove, Senior Associates in Marcus & Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller, a Houston based developer.  The buyer, an out of state limited liability company, was also secured by Miller and Hargrove.  

290 Crossing is located at 13470 Northwest Freeway in Houston. The shopping center is shadow anchored by a Walmart Supercenter and occupied by three credit tenants:  Comcast / Xfinity, Q-Tee Nails and The Cash Store.

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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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05/29/2014 - 09:12

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Marcus & Millichap

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