Marcus & Millichap Arranges The Sale Of A 22,047 SF Office Building

2/22/17

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 NRT Office Building, a 22,047-square foot office property located in Plano, Texas, according to Kyle Palmer, Regional Manager of the firm’s Fort Worth office.

Cody Payne, Senior Associate in Marcus & Millichap’s Fort Worth office, and Wayne Bares, Senior Associate in Marcus & Millichap’s Dallas office, had the exclusive listing to market the property on behalf of the seller, a private investor.

NRT Office Building is a 22,047-square foot office building located at 5308 West Plano Parkway in Plano, Texas. The subject property is a two story unit that was built in 1997 of brick construction, includes covered parking, a two car garage and storage building.

The building is occupied by NRT, LLC, and a subsidiary of REALOGY, which is a publicly traded company (NYSE: RLGY). NRT, LLC has recently signed lease for 64 months.

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

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