MARCUS & MILLICHAP ARRANGES THE SALE OF AN INDUSTRIAL MULTI-TENANT BUILDING
PASADENA, Texas, 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 Preston Avenue Business Park, a 49,800 square foot industrial multi-tenant property located in Pasadena according to David H. Luther, first vice president/ regional manager of the firm’s The Woodlands office. The asset had a list price of $2.19 million.
Tom Costello, an Associate, in Marcus & Millichap’s The Woodlands office, had the exclusive listing to market the property on behalf of the seller, a partnership. The buyer, a private investor, was secured and represented by Tom Costello.
Preston Avenue Business Park is located at 1710 Preston Avenue in Pasadena, Texas.
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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