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Wichita Falls, Texas — Marcus & Millichap has brokered the sale of Parker Square, a 94,532-square-foot shopping center located in Wichita Falls. Built in 1955, the multi-tenant property features 23 retail suites and was 97 percent leased at the time of sale. Crunch Fitness occupies nearly half of the center’s rentable area. Other tenants include Jason’s Deli, Massage Envy, Heff’s Burgers and Deatherage Certified Optics, according to LoopNet Inc.
Chris Gainey and Philip Levy of Marcus & Millichap marketed the property on behalf of the seller, one of the largest privately held real estate firms in the United States, and procured the buyer, a Dallas-based high-net-worth individual.