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 Fairmont Crossing, a 6,656-square foot retail property in Pasadena, 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 Houston-based developer. The buyer, a local investor, was secured by Justin Miller and Davis Hansen. “The prominent location and tasteful redevelopment of this property gave the offering broad appeal”, says Miller. “We had interest from local and out of area users and investors”, added Hansen.

Fairmont Crossing is located at 4835 Fairmont Parkway in Pasadena, Texas.

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.