Marcus & Millichap Brokers Sale of 20,657 Square Foot Retail Center Across From Texas Tech University

LUBBOCK, Texas, Oct. 29, 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 Fearless Plaza, a 20,657-square-foot mixed-use retail center in Lubbock, Texas.

Philip Levy and Chris Gainey, investment specialists in Marcus & Millichap's Dallas-Fort Worth offices, exclusively marketed the property on behalf of the local private seller and procured the buyer, a Houston-based private investor.

Located at 2407 9th St., directly across from Texas Tech University, Fearless Plaza benefits from foot traffic driven by more than 40,900 students. The retail center includes tenants such as Torchy's Tacos, Amazon, Barefoot Athletics, Tikka Shack, and Hawaii Poke & Ramen. Built in 2012, the property features a modern design, ample parking, and a 1,225-square-foot outdoor patio for Torchy's Tacos. Positioned in the heart of the bustling North Overton district, the center is surrounded by national retailers, hotels, and dining options.

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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.