The Knipp Wolf Net Lease Group of Marcus & Millichap Announces the Sale of a Three-Tenant, Retail Strip in Farmers Branch, Texas

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 Josey Lane Crossing in Farmers Branch, Texas according to Tim A. Speck, division manager in the firm’s Dallas office.

Vincent Knipp, Senior Managing Director Investments, and Philip Levy, Executive Managing Director Investments, in Marcus & Millichap’s Dallas office, had the exclusive listing to market the property on behalf of the seller.

The 5,115-square-foot retail strip is 100 percent leased to a complementary mix of national and regional retailers.

“This was actually a really great deal. Bank of America and Perla Dental were both open and operating,” said Knipp. “The Island Spot restaurant was in the process of completing their finish-out and should be open soon.”

Notably, in recent years, Knipp has facilitated the sales of adjacent properties, namely The Learning Experience and Baylor Scott & White Outpatient Rehabilitation Facility. These transactions have resulted in more than $8.7 million in closed revenue at the emerging retail corner of Josey Lane and Valley View Lane.

Josey Lane Crossing is located at 12900 Josey Lane, Farmers Branch, TX 75234.