HOUSTON, TX – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of five shopping centers for Brixmor totaling 262,755 square feet in the Houston MSA. Terms of the portfolio sale were not disclosed.
The transaction included the sale of North 45 Plaza (top left photo), Tidwell Place Shopping Center and Lazybrook Shopping Center, all located in Houston; as well as Parkview West Shopping Center and Parkview East Shopping Center in Pasadena, Texas.
“These properties are among the first non-core assets offered for sale by New York City-based Brixmor since the company’s acquisition of Centro Properties in June 2011,” says Jerry Goldstein (lower right photo), a first vice president investments in Marcus & Millichap’s Houston office and a senior director of the firm’s National Retail Group (NRG). Goldstein exclusively listed, marketed and sold the assets.
A Dallas-based private investor group acquired three of the shopping centers: North 45 Plaza, Tidwell Place and Parkview West. Lazybrook Shopping Center was purchased by an individual Houston-based private investor, while an Amarillo partnership acquired Parkview East.
For a complete copy of the company’s news release, please contact:
Stacey Corso
Public Relations Manager
(925) 953-1716
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