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 the Shops at Vicksburg, a 9,000-square foot shopping center in Missouri City, Texas, according to Ford Noe, Regional Manager of the firm’s Houston office.

Justin Miller, First Vice President Investments and Davis Hansen, Senior Associate, in Marcus & Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller, a Canada-based partnership. “Properties like this have broad appeal and garner a lot of interest from investors throughout the country”, says Miller. “We ultimately selected a local buyer in a 1031 exchange”, he added.

The Shops at Vicksburg is a pad site to Walmart Supercenter fronting Highway 6. It is located at 9839 Highway 6 in Missouri City, 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.