MESQUITE, TEXAS, October 12, 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 Creek Crossing Shopping Center, a 70,079-square foot retail property located in Mesquite, Texas, according to Kyle Palmer, Regional Manager of the firm’s Fort Worth office.
Philip Levy, First Vice President Investments and Chris Gainey, Senior Associate in Marcus & Millichap’s Fort Worth office, had the exclusive listing to market the property on behalf of the seller, a partnership. The buyer, a private investor, was also secured by Mr. Levy and Mr. Gainey
Creek Crossing Shopping Center is located at 1919 Faithon P. Lucas Sr. Boulevard in Mesquite, Texas. The subject property is a 70,079-square foot multi-tenant retail center consisting of three buildings situated on 8.15 acres of land and is anchored by Kroger grocery store. The subject property is currently 80 percent occupied, and all current leases are triple-net.
# # #
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