MARCUS & MILLICHAP BROKERS SALE OF BANK GROUND LEASE

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AUSTIN, TEXAS — Marcus & Millichap has brokered the sale of a Wachovia bank branch ground lease located in Austin. The building, which was constructed in 2005, totals 4,200 square feet and is located at 11302 FM 2222. Philip Levy and Jason Vitorino of Marcus & Millichap's Dallas office, along with Stephen Stein of the firm's Los Angeles office, represented the undisclosed seller. Michael Shover, Tom Gorman and Matthew Gorman of Marcus & Millichap's Philadelphia office represented the buyer, a private investor.

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