MARCUS & MILLICHAP SELLS BANK OF AMERICA OFFICE PLAZA IN HOLLYWOOD, FLORIDA FOR $5.43 MILLION

Fort Lauderdale, FL – August 25, 2011 – (RealEstateRama) — Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of the Bank of America Office Plaza, a six-story office building located in Hollywood, FL, according to Gregory Matus, Regional Manager / Vice President of the firm’s Ft. Lauderdale office. The asset commanded a sales price of $5,425,000.

Douglas K. Mandel, Senior Director of Marcus & Millichap’s National Office and Industrial Properties Group and a Vice President Investments in the firm’s Ft. Lauderdale office, exclusively represented the seller, Emerald Hills Executive Plaza LLC, an entity controlled by Scott Brenner. The buyer, GRE Properties Sheridan Hills LLC, an owner/user was represented by Adler Realty Services.

Bank of America Office Plaza is commonly known as the Emerald Hills Executive Plaza and was constructed in 1979 and is located at 4601 Sheridan Street, Hollywood, FL 33021.

About Ashley Steele
With more than 1,200 investment professionals in offices nationwide, Marcus & Millichap Real Estate Investment Services is the largest firm specializing in commercial real estate investment services in the nation. Marcus & Millichap closed 4,302 transactions in 2010, the highest of any commercial real estate brokerage firm. Founded in 1971, the firm has perfected a powerful system for marketing properties that combines product specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology and relationships with the largest pool of qualified investors nationally.