M&M BROKERS SALE OF 55,521 SF BUSINESS PARK IN HOUSTON

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HOUSTON — Marcus & Millichap has brokered the sale of Arbor Square, a three-building, 55,521-square-foot business park in Houston. Located on a 3.6-acre parcel at 17000 El Camino Real, the complex is in proximity to an H-E-B grocery store. The property was 91 percent leased at the time of the sale to a mix of medical, retail and professional tenants. Justin Miller of Marcus & Millichap marketed the asset on behalf of the seller, a locally based partnership. Derek Hargrove, also of Marcus & Millichap, secured the buyer, a private investor completing a 1031 tax-deferred exchange.

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