Marcus & Millichap : Arranges The Sale Of A 20,088-Square Foot Retail Property

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.

Disclaimer

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.


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