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 Pearl at Oyster Creek, a 72-unit apartment property located in Lake Jackson, Texas, according to Ford Noe, Regional Manager of the firm’s Houston office.

Jeffery Fript, First Vice President Investments, and Chris Mazzini, Senior Associate, in Marcus & Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was secured and represented by Christian Mazzini and Jeffrey Fript.

According to Fript, “the Buyer plans to continue both the interior and exterior upgrades of the property on an effort to reposition the asset.”

Pearl at Oyster Creek is located at 132 Oyster Creek Drive in Lake Jackson, 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.