Marcus & Millichap Arranges The Sale Of An 85,000 SF Retail Property

2/25/20

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Big Value Plaza, an 85,000-square foot retail property located in Dartmouth, MA, according to Thomas Shihadeh, regional manager of the firm’s Boston office.

Adam Cohen, an investment specialist in Marcus & Millichap’s Boston office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer was also procured by Cohen.

“Big Value Plaza is a meticulously maintained property with seasoned tenancy in a great location. We had offers from buyers in New York, Rhode Island, and New Hampshire, but in the end chose a buyer from Massachusetts who owns other properties of this type in the region” says Cohen.

Big Value Plaza is located at 718 Dartmouth St in Dartmouth, MA, in a densely populated area with more than 117,00 residents within 5 miles of the site. Anchored by Big Value, the plaza has a strong mix of local, regional, and national tenants. Over the past four years, the owner has made significant improvements, including a renovated parking lot and roof replacements.

About Marcus & Millichap (NYSE: MMI)

With nearly 2000 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 9,472 transactions in 2018 with a value of approximately $46.4 billion. Marcus & Millichap 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. To learn more, please visit: www.MarcusMillichap.com.