Marcus & Millichap Facilitates The Sale Of A 47,890-Square Foot Retail Property In Plano, Texas

PLANO, TEXAS, May 19, 2022 - 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 Parker Plaza East, a 47,890-square foot retail property located in Plano, Texas.

Philip Levy, Senior Managing Director, Rich Merryman, Executive Managing Director Ryan Wilmer, Senior Vice President, and Bill Schofield, Senior Managing Director, at Marcus & Millichap, had the exclusive listing to market the property on behalf of the seller, a developer. The buyer, a private investor, was also secured by Mr. Levy.

Due to the diligent marketing efforts of the Levy Team, they were able to bring in 7 offers for the property. One of those 7 offers came with earnest money, hard on day one.

Parker Plaza East is located at 1937 W Parker Rd in Plano, Texas.

# # #

About Marcus & Millichap (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2021, the company had 1,994 investment sales and financing professionals in 82 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.