Marcus & Millichap Arranges Sale of Independence Plaza III in Texas

Laredo, Texas — Marcus & Millichap has arranged the sale of Independence Plaza III, a 73,276-square-foot shopping center located in Laredo.

Tenants at the center include Best Buy, Cavender’s and Dollar Tree. James Bell of Marcus & Millichap represented the seller, an undisclosed local developer, in the 1031 exchange transaction. The buyer was an undisclosed high net worth individual.