M&M SELLS SHOPPING CENTER FOR $11.7M

GRANADA HILLS, CALIF. — Marcus & Millichap Real Estate Investment Services has brokered the sale of an $11.74-million shopping center. Built in 1959, the center is located at 17020 Chatsworth St. Tenants include Walgreens, Staples and El Pollo Loco. Marcus & Millichap’s Brandon Michaels, vice president investments in the firm’s Encino branch, represented the seller, an out-of-state owner.