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 Little Elm Retail Center, a 8,750-square foot retail property located in Little Elm, Texas.

Blake Burnett, first vice president investments, and Philip Levy, senior managing director investments in Marcus & Millichap’s Dallas office, had the exclusive listing to market the property on behalf of the seller, a developer. The buyer, a local 1031 exchange investor, was secured and represented by Levy, and Chris Gainey, first vice president investments in Marcus & Millichap’s Fort Worth office.

The property is a class A retail center built in 2018 with national tenants like Verizon, Pacific Dental, and ATI Therapy. Little Elm Retail Center is located at 2180 FM 423 in Little Elm, Texas.

About Marcus & Millichap (NYSE: MMI)

With over 1,800 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 9,000 transactions in 2017 with a value of approximately $42.2 billion. Marcus & Millichap 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