Marcus & Millichap Arranges the Sale Of A 58,016-Square Foot Industrial Building
ARLINGTON, Texas, November 13, 2020 – 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 Displays, LLC., a 58,016-square foot industrial property located in Arlington, Texas, according to Tim A. Speck, division manager in the firm’s Dallas office.
Adam Abushagur, senior managing director investments and Sam Martin, associate, had the exclusive listing to market the property on behalf of the seller, a private investor.
“We overcame significant challenges in the inspection period, resulting in a reasonable price reduction, contingent upon the buyer waiving contingencies and committing to a quick close,” said Martin.
“Due to our relationship with an outside broker, we procured an all-cash backup offer, to prevent a large renegotiation, within 24 hours,” said Abushagur.
Displays, LLC. is located at 626 106th Street in Arlington, Texas. The subject property is situated on a combined 2.41 acres and was built in 1970.
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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.