MCKINNEY, TEXAS, July 6, 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 McKinney Square, a 15,535-square foot retail property located in McKinney, Texas, according to Kyle Palmer, Regional Manager of the firm’s Fort Worth office.

Philip Levy, Senior Director and Chris Gainey, a Senior Associate in Marcus & Millichap’s Fort Worth office, had the exclusive listing to market the property on behalf of the seller, a private investor.  The buyer, a private investor, was also secured by Mr. Levy and Mr. Gainey

McKinney Square is a 15,535-square foot multi-tenant retail strip in McKinney, Texas. Tenants consist of Swanky Boutique, Patina Green Home, Lanio’s Candies, SIP Ventures, InterimLender.com, and Release 2 Systems. Leases are a mix of triple-net and gross. The two-story building was originally constructed in 1900 and was renovated in 2005.

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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