Marcus & Millichap : Arranges The Sale Of A 20,088-Square Foot Retail Property
January 14, 2022 at 04:02 am IST
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HOUSTON, TEXAS, January 13, 2022 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Coronado Village, a 20,088-square foot retail property located in Houston, Texas, according to Ford Noe, Regional Manager of the firm's Houston office.
Riley Sharman, Senior Associate in Marcus & Millichap's Houston office, had the exclusive listing to market the property on behalf of the seller, a Los Angeles based limited liability company, private investor. "Due to certain value add components, we were able to generate multiple competitive offers and we selected a qualified local buyer that was the best fit overall for this type of asset. Ultimately the Seller was successful and able to reinvest the proceeds into another out-of-state retail property," said Sharman.
Coronado Village is located at 12611 Woodforest Boulevard in Houston, Texas.
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About Marcus & Millichap (NYSE: MMI)
With over 2,000 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 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap 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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Marcus & Millichap Inc. published this content on 13 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 January 2022 22:31:01 UTC.
Marcus & Millichap, Inc. is a brokerage company. The Company is specialized in commercial real estate investment sales, financing services, research, and advisory services. The Company also offers market research, consulting, and advisory services to its clients. The Company offers services to its clients by underwriting, marketing, selling, and financing commercial real estate properties in a manner that maximizes value for sellers, provides buyers with a diverse inventory of commercial properties, and secures competitive financing from lenders for borrowers. The Company divides its commercial real estate into four market segments: properties, private client market, middle market, and larger transaction market. The Company serves clients with one property, multiple properties, and large investment portfolios. The Companyâs investment brokerage and financing professionals serve private clients within the private client market segment.