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 Viniso Plaza, a ten-suite, 19,250-square-foot retail shopping center, says Chris Shaheen, Louisiana broker of record. The property is located at 4128 Airline Dr, Bossier City, Louisiana 71111.
“Our team was able to run a successful marketing campaign on behalf of our seller client, which in turn generated multiple offers during an increasing interest rate environment,” says Brian Sy, associate.
Viniso Plaza is a unique property, located in the Shreveport-Bossier submarket, it offers access to popular regional and national tenants including Domino’s, Nestle Tollhouse, Keith-Beasley Insurance, Gabe’s Fine Jewelers, VIP Spa & Nail Salon, and more. This retail hub is 100% occupied, offers quick access to I-220, and sits strategically in a primary retail corridor that is home to Target, Sam’s Club, Best Buy, Ross, Walmart, Lowe’s, and Home Depot among others.
“Deals are still getting done when properties are priced appropriately. Currently, managing a seller’s expectations is proving to be key as the commercial real estate market faces economic headwinds,” says Nick Binder, associate. Assisting Sy and Binder on this deal was Mark Taylor, senior managing director investments.
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, 2021, the company had 1,994 investment sales and financing professionals in 82 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 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.
