HUDSON OAKS, TEXAS, May 17, 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 The Shops at Hudson Oaks, a 23,038-square foot retail property located in Hudson Oaks, Texas, according to Kyle Palmer, Regional Manager of the firm’s Fort Worth office.
Philip Levy, Senior Director 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 developer. The buyer, a private investor, was also secured by Mr. Levy and Mr. Gainey.
The Shops at Hudson Oaks is located at 100 South Oakridge Drive in Hudson Oaks, Texas. The subject property presents a prime opportunity to acquire a multi-tenant, net-leased property in the rapidly growing DFW suburb of Hudson Oaks, Texas. The 23,038-square foot retail center is 100 percent occupied with all triple-net leases. Anchored by Hibbett Sports, other tenants consist of Massage Envy, Great Clips, Palio’s Pizza Café, Blue Jasmine Thai restaurant, AT&T, Leslie’s Pools, Expert Nail & Spa and Providence Title. The building was constructed in 2014 and sits on 2.68 acres. A drive-thru Wells Fargo ATM provides additional income and is the only Wells Fargo facility in Parker County.
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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