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 Gessner Plaza, a 51,400-square foot retail property located in Houston, Texas, according to Ford Noe, Regional Manager of the firm’s Houston office. The asset had a listing price of $7,400,000.

Derek Hargrove, First Vice President Investment, and Riley Sharman, Associate, in Marcus & Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller, a Houston based partnership. “We generated high interest from local and out-of-state investors and were ultimately pleased with the results in a highly competitive situation” says Riley Sharman.

Gessner Plaza is located at 8703 West Bellfort Street in Houston, 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