Marcus & Millichap Facilitates Sale of 39,393 Square Foot Office Building in Dallas’ Uptown District

DALLAS, Oct. 23, 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 39,393-square-foot office building in Dallas, Texas.

Joseph Jaques, first vice president, and Ron Hebert, senior vice president, in Marcus & Millichap's Dallas office, exclusively marketed the property on behalf of the seller, OrangeStone Capital. The building, located in Uptown Dallas, attracted multiple offers due to its prime positioning and future repurposing potential. "The continued trend of companies seeking office space in talent-rich corridors led to an owner-user purchasing the asset," said Jaques.

The three-story office building is located at 4211 Cedar Springs Road, surrounded by Dallas' vibrant Uptown district, known for its proximity to retail, dining and entertainment options. The buyer, an owner-user, plans to repurpose the space for their own business operations, leveraging the building's excellent location.

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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.