Marcus & Millichap Facilitates Sale of 56,401 Square Foot Jacksonville Crossing Retail Center in Alabama

JACKSONVILLE, Ala., Sept. 16, 2024 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Jacksonville Crossing, a multi-tenant 56,401-square-foot retail center in Jacksonville, Alabama.

Philip Levy and Zach Taylor, investment specialists in Marcus & Millichap's Dallas and Atlanta offices, exclusively marketed the property on behalf of the seller and secured the buyer, both private investors. Eddie Greenhalgh is Marcus & Millichap's Broker of Record in Alabama.

Located at 1555 Pelham Road S., near the signalized intersection with George Douthit Drive SW, Jacksonville Crossing is anchored by a new 10-year lease with Five Below. The center has a 67% occupancy rate and features a strong tenant mix of nine national and local retailers, including Dollar Tree, Baja California Grill, and Cricket Wireless. It is also shadow-anchored by a Walmart Supercenter.

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About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2023, the company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.