MARCUS & MILLICHAP ARRANGES THE SALE OF
30 ACRES OF LAND
ROCKWALL, Texas, February 18, 2020 – 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 30 acres in Rockwall, Texas, according to Tim A. Speck, division manager in the firm’s Dallas office.
The buyer, a private investor, was secured and represented by Adam Abushagur, first vice president investments in Marcus & Millichap’s Dallas office.
“We helped the buyer, who was also a previous seller, complete a sale leaseback and 1031-exchange into 32 acres last year,” said Abushagur. “Acquiring this additional 30 acres allowed for the expansion of the business and industrial development,” he said.
The 30 acres in Rockwall, Texas is located at Airport Road.
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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.