14B — July 23 - August 19, 2021 — Pennsylvania — M id A tlantic Real Estate Journal
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P ennsylvania
HILADELPHIA, PA — Marcus & Millichap , a leading commercial And originated $52,000,000 of loans for both acquisitions and refinancing Marcus & Millichap’s PA offices close $181M in investment sale transactions in June 2021 P
real estate b r o k e r a g e f i r m s p e - cializing in investment sales, financ- ing, research and adviso- ry services, closed 11 in-
Sean Beuche
vestment 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 man- ager 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 be- ginning 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 mar- ket. 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 con- ditions 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; FrancisMcGuire , 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 clos- ing of these transactions. About Marcus & Millichap With over 2,000 investment sales and financing profes- sionals located throughout the United States and Canada, Marcus & Millichap is a lead- ing specialist in commercial real estate investment sales,
3307 E Trindle Rd., Camp Hill
Coba Apartments located at 1224 N 3rd St., Harrisburg
financing, research and ad- visory services. Founded in 1971, the firm closed 8,954 transactions in 2020 with a
value of approximately $43 billion. Marcus & Millichap has perfected a powerful sys- tem for marketing properties
that combines investment specialization, local mar- ket expertise, the industry’s most comprehensive research,
state-of-the-art technology, and relationships with the largest pool of qualified inves- tors. MAREJ
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