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 Windfern Shopping Center, a 20,320-square foot shopping center located at 13219 Windfern Road in Houston, Texas, according to Ford Noe, Regional Manager of the firm’s Houston office.

Windfern Shopping Center was 64 percent occupied at the time of sale and was purchased without third-party financing by a local investor in a 1031 Exchange. The transaction closed in under 30 days.

Gus Lagos, First Vice President Investments, Alex Wolansky, Associate and Jacob Starr, Associate in Marcus & Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller, a private investor. The sale of Windfern Shopping Center marks the Lagos Retail Group’s 18th year-to-date closing in 2020.

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.