Marcus & Millichap Opens New Office in Western Massachusetts

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AMHERST, MA– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has opened a new office in Amherst, Mass., according to Gary R. Lucas, (top right photo)  regional manager.

 The office is located at 71 Country Corners Road, Amherst, MA 01002. The telephone number is (413) 253-3700 and the fax number is (206) 337-1316.

“We are pleased to bring Marcus & Millichap’s national brand and unique marketing platform to Western Massachusetts,” says Lucas. “The addition of this office boosts our growing position in the New England marketplace.

“During the next several years as the economy improves, there will be tremendous opportunity for growth in Massachusetts and across New England,” continues Lucas. “By acting as long-term advisers to investors throughout this region, we will assist them in acquiring both local and out-of-state investment properties.”

In New England, Marcus & Millichap has offices in Albany, Boston, New Haven and Boston.

Marcus & Millichap Lists $26M Apartment Complex in Portage, Indiana

PORTAGE, IN – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has retained the exclusive listing for Willow Creek Estates (lower left photo), a 342-unit 334,776-square foot apartment complex in Portage.

The listing price of $26,050,000 represents $76,170 per unit and $78 per square foot.

Scott Harris, a senior vice president investments and senior director of the firm’s National Multi Housing Group, and Kyle Shoemaker, a multifamily investment specialist, both in Marcus & Millichap’s Oak Brook office, are representing the seller.

“Willow Creek Estates is an immaculate, well-located asset that is performing well at a high-occupancy level,” says Harris. “The property is well positioned to continue its current strong operations and to achieve growth for the foreseeable future,” adds Harris.

The property is located at 5990 Wonderland Drive, a densely populated northwestern Indiana market approximately 31 miles from downtown Chicago. The South Shore train line directly connects Portage to downtown Chicago.

Willow Creek Estates is a three-phase apartment complex.

The first phase, Willow Creek Estates South, consists of 130 units, was constructed in the mid-1970s and substantially remodeled in 2001.

The second phase, Sundance, features 72 units and underwent substantial exterior renovation in 2009 and 2010. The final phase, the 140-unit The Reserve at Willowcreek, was completed in 2008.

The entire Willow Creek Estates complex features an attractive and diverse unit mix of traditional one-, two- and three-bedroom units as well as townhome and loft-style floor plans.

Located at the southern tip of Lake Michigan, Portage is the largest city in Porter County, Indiana.

Contact: Stacey Corso, Public Relations Manager, (925) 953-1716