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| Brett Chetek |
ST. LOUIS, MO, Aug. 13,
2015 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate
investment services firm with offices throughout the United States and Canada,
has arranged the sale of an eight-property, 338,755-square-foot multi-state
shopping center portfolio.
The portfolio sold for
approximately $26,200,000 and included shopping strip centers in metro areas of
St. Louis, Cincinnati, Memphis, Kansas City, and Indianapolis.
Brett Chetek,
a senior director of Marcus & Millichap’s National Retail Group in St.
Louis had the exclusive listing to market the portfolio on behalf of the
seller, Robert Walpert, and his
limited liability companies.
“I am extremely pleased
that the transaction worked out so well for everyone,” says Walpert. “Brett did
a great job. I’m a big fan of his and always happy to endorse his work.”
“Brett did an excellent
job marketing this portfolio,” adds Matthew
Fitzgerald, first vice president and regional manager of Marcus &
Millichap’s St. Louis office.
“The challenge was to find a multi-tenant
retail investor who could perform financially and operationally in several
different states and with a range of center sizes and tenant profiles. Brett
sourced qualified buyers from throughout the country and guided the sale
through a lengthy due diligence process to closing.”
For a complete copy of the company’s news release,
please contact:
Gina Relva
Public Relations Manager
(925) 953-1716
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