News: Front Section
Posted: September 16, 2016
Richard and Drinkwater of Marcus & Millichap handle six retail sales totalling $68 million
Seth Richard, Marcus & Millichap
Laurie Ann Drinkwater, Marcus & Millichap
Canton, CT Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, completed the sale of six retail properties located in Roanoke, VA; Syracuse, NY; Canton, CT; Lago Vista, TX; Louisville, KY; and Nanuet, NY, according to Tim Thompson, regional manager of the firm’s Boston office. The assets sold for a total of $68,257,307. Seth Richard and Laurie Ann Drinkwater, investment specialists in Marcus & Millichap’s Manhattan and Boston offices, represented the sellers. The properties were sold in separate transactions representing several categories of both buyers and sellers, from institutions to private investors and 1031 exchange buyers.
“We excel in these situations at matching the appropriate parties, maximizing pricing, and executing transactions” said Richard.
J.D. Parker, broker of record in Connecticut and New York; Aaron Johnson, broker of record in Kentucky; David Bradley, broker of record in Virginia; and Tim Speck, broker of record in Texas, assisted in the closing of these transactions.
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.
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