MARCUS & MILLICHAP ARRANGES THE SALE OF
A 78,418-SQUARE FOOT INDUSTRIAL BUILDING

 

EULESS, Texas, April 15, 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 Texas Star Business Center, a 78,418-square foot industrial property located in Euless, Texas, according to Tim A. Speck, division manager in the firm’s Dallas office.

Adam Abushagur, industrial specialist and senior vice president investments in Marcus & Millichap’s Dallas office, had the exclusive listing to market the property on behalf of the seller, a private investor.  The buyer, a private investor, was also procured by Abushagur.

“We assisted the buyer in acquiring their first industrial property in the Dallas-Fort Worth market,” said Abushagur. “Amidst the COVID-19 pandemic, we were able to manage buyer uncertainty and maintain an on-time closing date,” he added.

Texas Star Business Center is located at 1118 South Airport Circle in Euless, Texas.  The subject property is situated on 4.69 acres of land and was built in 1984.

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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.