MARCUS & MILLICHAP ARRANGES THE SALE OF A 59,333-SQUARE FOOT OFFICE BUILDING

HIGHLAND VILLAGE, TEXAS, November 17, 2021–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 Highland Village Retail & Office Center, a 59,333-square foot office property located in Highland Village, Texas.

“This sale demonstrated the power of the Marcus & Millichap marketing platform to secure out of market (Florida) 1031 exchange market Buyers and the efforts of the agents involved” Senior Vice President Investments, Ron Hebert, stated.“ Within a short marketing timeframe multiple attractive offers were attained and we sold the property for over list price”.

Ron Hebert and Joseph Jaques, investment specialist in Marcus & Millichap’s Dallas office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was also secured Mr. Hebert and Mr. Jaques.

Highland Village Retail & Office Center is located at 2300 Highland Village Rd in Highland Village, 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 8,954 transactions in 2020 with a value of approximately $43 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.