Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Creme de la Creme Plaza, a 20,260-square foot retail property located in Allen, Texas, according to Kyle Palmer, Regional Manager of the firm’s Fort Worth office.

Philip Levy, First Vice President Investments in Marcus & Millichap’s Fort Worth office, had the exclusive listing to market the property on behalf of the seller, a developer. The buyer, a private investor, was also secured by Mr. Levy

Creme de la Creme Plaza is a 20,260-square foot multi-tenant retail center located at 1201 and 1205 West McDermott Drive in Allen, Texas just west of North Central Expressway (U.S. Highway 75). The subject property is currently 90 percent occupied, and all leases are triple-net. The center is comprised of two adjacent buildings sitting on 1.29 acres of land.

Anchored by Six Day Dental & Orthodontics, other tenants include Spazo Restaurant & Bar, Jovie Salon, Live a Healthy Lifestyle (Infinity Personal Training), Zenity Day Spa and Kid to Kid.

About Marcus & Millichap (NYSE: MMI)

With over 1,600 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 8,700 transactions in 2015 with a value of approximately $37.8 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com