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 Bellaire Town Center, a 8,144-square foot retail property located at 13438 Bellaire Boulevard in Houston, Texas, according to Ford Noe, Regional Manager of the firm’s Houston office.

Gus Lagos, First Vice President Investments and Alex Wolansky, Associate, of Marcus & Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The shopping center was sold to a local private investor. The Seller’s motivation to sell was retirement and the Buyer purchased this asset to be able to own a retail center investment on the highly desirable Bellaire Boulevard. The Buyer plans on opening a business in the center in the future.

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.