FORT WORTH, TEXAS — Marcus & Millichap has brokered the sale of Golden Beach Marketplace, a 21,350-square-foot retail property in Fort Worth. Located at 10716 N. Beach St., near I-35 and State Highway 377, the strip shopping center was fully occupied at the time of the sale by tenants including Great Clips, Pizza Hut and Subway. An Albertsons grocery store shadow-anchors the facility. Jason Vitorino of Marcus & Millichap marketed the asset on behalf of the seller, a limited liability company. Jeff Smith, also of Marcus & Millichap, procured the buyer, an out-of-state personal trust completing a 1031 tax-deferred exchange. The buyer obtained a CMBS cross-collateralized loan with another retail center also acquired from the same seller. Michael Laurencelle of Marcus & Millichap arranged the financing.
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