Monday, August 4, 2008

Marcus & Millichap Opens Jackson, MS Office, Expanding its Southeast Presence

Marcus & Millichap is the first specialized, national commercial real estate firm to enter Mississippi.

JACKSON, Miss., Aug. 4, 2008 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has opened a new office in Jackson, Miss.

Matthew M. Fitzgerald (top right photo) has been appointed to supervise the Jackson office as its regional manager. The office is located at 617 Renaissance Way, Suite 200, Ridgeland, MS 39157. The phone number is (601) 856-4706. The fax number is (601) 856-4763.

“The opening of our new Jackson office marks the first time a national commercial real estate brokerage firm has entered the state of Mississippi,” explains Fitzgerald.

“Marcus & Millichap will serve a segment of the Southeast investment community that has been overlooked in the past. We opened this office to meet the growing demands of local and out-of-state real estate investors by targeting investment real estate in Mississippi’s dynamic growth areas, including DeSoto County, Downtown Jackson, Madison/Ridgeland and, particularly, along the Gulf Coast.”

Brent Yurtkuran (middle right photo) and Brad Barham,(middle left photo) multi-family investment specialists, will lead the new office as senior associates.

Yurtkuran and Barham join Marcus & Millichap from Jackson-based Real Estate Solutions, a real estate services firm founded by Yurtkuran in 2001. Harry Noble, most recently with Noble Development Properties Inc., has also joined the firm as a retail and single-tenant net-lease investment specialist.

Yurtkuran and Barham have been involved in the commercial real estate industry for nearly six years. As such, they have experience selling multi-family properties throughout Mississippi on behalf of local and out-of-state investors.
“Mississippi is long overdue for a national, specialized commercial real estate brokerage firm,” says Yurtkuran.

“Marcus & Millichap will fill a major void in Northern Mississippi and along the Gulf Coast. Investors will now have the opportunity to tap into Marcus & Millichap’s extensive pool of nationwide investment capital,” he adds.

“Our markets are stable and well positioned for future growth,” notes Barham. “The arrival of Marcus & Millichap is direct evidence of the strong opportunity in this relatively untapped market.”

With the opening of the Jackson office, Marcus & Millichap expands its already strong presence in the southeast region of the United States, including offices in Atlanta; Birmingham, Ala; Greenville, S.C.; Louisville, Ky.; Lafayette, La.; Memphis, Tenn.; and Williamsburg, Va. The firm also has offices in Charlotte and five offices in Florida.

Press Contact: Stacey Corso
Communications Department
(925) 953-1716

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