M&M ARRANGES $15.8M SALE OF 7-ELEVEN PORTFOLIO

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DETROIT — Marcus & Millichap has arranged the sale of an 11-property, ground-lease portfolio for $15.8 million. Convenience store chain 7-Eleven Inc. occupies the properties, which are located in Chesterfield, Clinton Township, Howell, Lenox Township, Macomb, Romulus, Shelby Township and Warren. Simon Jonna, a vice president of investments, and Raymond Jonna, an associate in Marcus & Millichap’s Detroit office, represented the seller, a Midwest-based property developer. Ronnie Issenberg, a vice president of investments, and Gabriel Britti, an associate vice president of investments in the firm’s Miami office, represented the buyer.

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