News: Brokerage

Horvath and Tremblay of Marcus & Millichap procure buyer in $2.342 million sale

Bob Horvath and Todd Tremblay of Marcus & Millichap along with Richard Geisenfeld of Capital Commercial Partners have brokered the $2.342 million sale of an Advance Auto. The 6,124 s/f single tenant property is located at 860 West Bay Ave. Advance Auto has a 15-year lease with three five-year options. Horvath and Tremblay procured the buyer, R&R Barnegat LLC. Geisenfeld represented the seller, Primax Properties LLC. With more than 1,300 investment professionals in offices nationwide, Marcus & Millichap Real Estate Investment Services is the largest firm specializing in commercial real estate investment services in the nation. Marcus & Millichap closed 3,756 transactions in 2008, the highest of any commercial real estate brokerage firm. Founded in 1971, the firm has perfected a powerful system for marketing properties that combines product specialization, local market expertise, the industry's most comprehensive research, state-of-the-art technology and relationships with the largest pool of qualified investors nationally. www.MarcusMillichap.com Albany · Atlanta · Austin · Baltimore · Birmingham · Boise · Boston · Brooklyn · Central Illinois · Charlotte · Charlotte Uptown · Chicago · Chicago Downtown · Cincinnati · Cleveland · Columbus · Dallas · Denver · Des Moines · Detroit · Encino · Ft. Collins · Ft. Lauderdale · Ft. Worth · Grand Rapids · Greenville · Honolulu · Houston · Indianapolis · Jackson · Jacksonville · Kansas City · Lafayette · Las Vegas · Little Rock · Long Beach · Los Angeles · Louisville · Madison · Manhattan · Memphis · Miami · Milwaukee · Minneapolis · Nashville · New Haven · New Jersey · Newport Beach · Oak Brook · Oakland · Oklahoma City · Omaha · Ontario · Orlando · Palo Alto · Philadelphia · Phoenix · Portland · Reno · Reston · Sacramento · Salt Lake City · San Antonio · San Diego · San Francisco · Santa Fe · St. Louis · Seattle · Tampa · Tucson · Vero Beach · Washington, D.C. · West Los Angeles · Williamsburg
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.