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 South 51 Place, a 10,800-square foot retail property located in Decatur, Texas, according to Kyle Palmer, Regional Manager of the firm’s Fort Worth office.

Lisa Estrada, Senior Associate in Marcus & Millichap’s Fort Worth office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a partnership, was also secured by Ms. Estrada.

South 51 Place is located at 1500 South Highway 51 in Decatur, Texas. The center is located inside the Primary Retail Corridor. At the time of closing the center was 100 percent occupied with triple-net leases and had a new roof with a 15-year transferable warranty. Decatur is directly in the path of future growth due to a close proximity to Alliance Texas, an 18,000 acres master-planned, mixed-use development located in the northwest DFW metroplex.

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