PHILADELPHIA, PA — Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, closed 11 investment sales transactions in June 2021 for $181,000,000 and originated $52,000,000 of loans for both acquisitions and refinancing, according to Sean Beuche, regional manager of the firm’s Philadelphia and King of Prussia offices. The transactions were closed in Pennsylvania, Virginia, West Virginia, Arizona, Texas, and North Carolina.
These closings included two retail shopping strips with more than 23 separate tenants, three multifamily apartment buildings totaling 299 units and over $60 million in transaction volume, two parcels of land totaling 4.34 acres, and three net-leased properties.
Regarding the successful beginning to summer brokerage, Beuche said, “The continued growth of our Philadelphia office can be attributed to several factors. First, we hired a handful of new recruits that are starting to see success despite a challenging market. Second, several of our existing teams and veteran agents have been remarkably consistent in their execution. Finally, our commitment to keeping our clients updated on the changing market conditions since the beginning of the pandemic has cemented our place in the market.”
Sean Beuche, the broker of record for Pennsylvania; Ben Yelm, the broker of record for Virginia and North Carolina; Francis McGuire, the broker of record for West Virginia; Ryan Sarbinoff, the broker of record for Arizona; and Tim Speck, the broker of record for Texas, assisted on the closing of these transactions.
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