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 Cypresswood Kroger Center, a 34,730-square foot retail property located in Houston, 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, had the exclusive listing to market the property on behalf of the seller, a limited liability company. “The seller who was from California, sold to distribute the proceeds to his partners and then reinvest in another asset. The local buyer, who owns several other Houston centers, wanted to add another property to his portfolio.” says James Bell.

Cypresswood Kroger Center is located at 19724 State Highway 249 in Houston, 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.