Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 1200 Durham, a 19,166-square foot parcel of land in Houston, Texas’ inner loop, according to Ford Noe, Regional Manager of the firm’s Houston office.

Justin Miller, First Vice President Investments and Cary Latham, Associate in Marcus & Millichap’s Houston office with Adam Abushagur, Senior Managing Director Investments in Marcus & Millichap’s Dallas office, had the exclusive listing to market the property on behalf of the seller, a Houston-based investor. “We saw strong interest from a variety of developers and users due to the property’s prominent location fronting Durham”, says Miller. “Ultimately, the Seller selected a user who will be redeveloping the site”, added Latham.

About Marcus & Millichap (NYSE: MMI)

With over 2,000 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 9,726 transactions in 2019 with a value of approximately $50 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.