NEWS

The Levy Retail Group arranges the sale of 28th Street Commons

IMG_3223

FORT WORTH, TEXAS, December 21, 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 28th Street Commons, a 9,731-square foot retail property located in Fort Worth, Texas, according to Kyle Palmer, Regional Manager of the firm’s Fort Worth office.

Philip Levy, First Vice President Investments in Marcus & Millichap’s Fort Worth office, had the exclusive listing to market the property on behalf of the seller, a developer.  The buyer, was also secured by Mr. Levy.

28th Street Commons is a 9,731-square foot multi-tenant retail center located at 2524 Northeast 28th Street in Fort Worth, Texas. The building was constructed in 2005 and sits on 0.86 acres of land.  The subject property is currently 88 percent occupied and all leases are triple-net. Tenants include Lone Star Dental, State Farm Insurance – Ricardo Rivera, Hermanos Abraham, Darby Day, King Wireless and Metro PCS.

#     #     #

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