Marcus & Millichap Brokers Sale of Fully Occupied Retail Center in Prime North Dallas Corridor

DALLAS, Sept. 30, 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 Prestonwood Court I, a 39,688-square-foot, multi-tenant retail center in Dallas, Texas.

Philip Levy, executive managing director in the Dallas office exclusively marketed the property on behalf of the seller.

Prestonwood Court I, located at 15340 Dallas Parkway, sits in the northeast quadrant of the North Dallas Parkway and Belt Line Road intersection. This prime location sees approximately 152,314 vehicles daily on the Dallas North Tollway. The retail center is fully leased to a diverse mix of tenants including Starpower, Zio Al's Pizza and La Prision Mexican Grill & Bar.

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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.