M&M Arranges Sale of 48,229-Square-Foot Retail Property in Metro Houston

by Katie Sloan

La Porte, Texas — Marcus & Millichap has arranged the sale of Fairporte Green Shopping Center, a 48,229-square-foot retail property located in La Porte.

Jerry Goldstein of Marcus & Millichap worked on behalf of the seller, a Washington, D.C.-based partnership. The property was sold to a 1031 exchange buyer from Southern California who assumed an existing CMBS loan.

The center is 80 percent occupied and features national medical tenants including U.S. HealthWorks and Fresenius as well as a freestanding Burger King.

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