REBusinessOnline

Marcus & Millichap Negotiates Sale of 19,338 SF Retail Center in Metro Austin

CEDAR PARK, TEXAS — Marcus & Millichap has negotiated the sale of The Shops at East Park, a 19,338-square-foot retail center in the Austin suburb of Cedar Park. Built in 2014 on 2.3 acres, the property was 94 percent leased at the time of sale to tenants including Blooming Dental, Master Yang’s Karate Studio and Vista Donuts. Philip Levy, Chris Gainey and Parker Yates of Marcus & Millichap represented the seller, a private investor, in the transaction. The buyer was a Dallas-based private investment partnership.

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