Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Starbucks / Salata, a 5,000-square foot retail property located in Katy, Texas, according to Ford Noe, Regional Manager of the firm’s Houston office.

James H. Bell, Senior Vice President Investments, and Watt Harrison, Senior Associate, in Marcus & Millichap’s Houston office, represented the buyer, a limited liability company, who was in a 1031 exchange. “The property was an off-market retail center that was built by an out of state developer and was quickly identified as a suitable exchange property for the buyer” says Watt Harrison.

Starbucks / Salata is located at 9333 Spring Green Boulevard in Katy, Texas.

About Marcus & Millichap (NYSE: MMI)

With nearly 2000 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 9,472 transactions in 2018 with a value of approximately $46.4 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.