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 Jackson Square, a 8,723-square foot retail property located in San Marcos, Texas, according to Mark R. McCoy, Regional Manager of the firm’s Fort Worth office.
Chris Gainey, First Vice President Investments in Marcus & Millichap’s Fort Worth office, Philip Levy, Senior Managing Director Investments in Marcus & Millichap’s Dallas office, and Parker Yates, investment specialist in Marcus & Millichap’s Fort Worth office, had the exclusive listing to market the property on behalf of the seller, a partnership.
“The biggest success of this sale was keeping the property under contract through the pandemic lockdown and maintaining the pre-COVID pricing,” stated Yates. He added, “The seller was looking for a brokerage team that could bring the greatest number of credible offers resulting in the highest possible sale price. Our team’s expansive marketing platform and experience in shopping center transactions allowed this to happen”.
Jackson Square is located at 1101 Thorpe Lane in San Marcos, Texas and is a recently re-developed H-E-B shadow anchored strip strategically located less than one-half mile from the Texas State University campus, boasting a student population of more than 38,800 students.
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.
