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 Walgreens, a new 10,500-square foot net-leased property located in Katy, Texas, according to Ford Noe, Regional Manager of the firm’s Houston office.

James H. Bell, Senior Vice President Investments in Marcus & Millichap’s Houston office, represented the buyer, a limited liability company, that had multiple 1031 exchange requirements. “The property went under contract during Walgreens construction”, says James Bell.

Walgreens is located at 4010 FM 1463 in Katy, 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