NEWS

The Levy Retail Group arranges the sale of Westchester Parkway Retail Center

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GRAND PRAIRIE, TEXAS, January 6, 2017 – 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 Westchester Parkway Retail Center, a 9,200-square foot retail property located in Grand Prairie, 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, an individual/personal trust.  The buyer, a limited liability company, was also secured by Mr. Levy.

Westchester Parkway Retail Center is a 9,200-square foot multi-tenant property located at 355 E Westchester Parkway in Grand Prairie, Texas. The center is currently 100 percent occupied, with 86 percent of the gross leasable area having triple-net leases. The building was constructed in 2001 and sits on a one-acre parcel.

Tenants consist of Pizzaiolo’s Pizza & Pasta, Peachberry, Dr. Kodali (Carrier Family Dental), Chopsticks, Nail Concepts and Krystal Cleaners.

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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