Marcus & Millichap

Andrew Margulies

Overview

Andrew Margulies advises corporate, institutional, and private clients on the acquisition and disposition of shopping centers and net-leased properties with a specialty in the Southeast US.  Andrew's team focuses in the Carolinas and Southern Virginia with specializations in retail, medical, and mixed-used assets.  
 
Andrew excels at understanding an aligning with Landlord's disposition goals and develops pricing evaluations and marketing strategies to help them achieve maximum values.  In addition, Andrew creatively solves complex issues during contract negotiations and escrow management to ensure that transactions close in a timely manner. 
 
Andrew joined Marcus & Millichap's Downtown Chicago office in 2006 and within three years was named a Top Ten Agent for Multi-Tenant Retail within the firm.  Andrew is a native of Raleigh, North Carolina and was instrumental in the opening of Marcus & Millichap's Raleigh office in 2008.  In 2012 Andrew was promoted to Senior Associate, in 2014 he was promoted to Associate Vice President of Investments, in 2015 he was promoted to Vice President of Investments, in 2017 he was promoted to First Vice President of Investments and in 2020 he was promoted to Senior Vice President.  Andrew has received multiple National Achievement Awards (Top 10-Percent of M&M agents nationwide) and he is a Senior Director in the firm's Retail Division and Net-Leased Division. 
 
Andrew is a graduate of Indiana University in Bloomington with an emphasis in Communications and Business.  He is a member of the International Council of Shopping Centers and he is a licensed Real Estate Broker in North Carolina and Illinois. 

Raleigh
Andrew Margulies

Andrew Margulies

Senior Vice President Investments
Tel: (312) 327-5481
Fax: (877) 533-6349

License:  NC  264059
License:  IL  475.147606

International Council of Shopping Centers

Director - Net Leased Properties Group
Senior Director - National Retail Group

Promoted to Associate in February, 2009
Promoted to Senior Associate in May, 2013
Promoted to Associate Vice President Investments in July, 2014
Promoted to Vice President Investments in July, 2015
Promoted to First Vice President Investments in January, 2017
Promoted to Senior Vice President Investments in January, 2020

Indiana University

National Achievement Award: 2019, 2017, 2016, 2014, 2013
Sales Recognition Award: 2019, 2018, 2017, 2016, 2015, 2014, 2013

Our Team

Andrew Margulies, Charles Gallagher, Harrison Creason, Joe Renner

AM Group

AM Group advises corporate, institutional, and private clients on the acquisition and disposition of shopping centers, net-leased assets, office/industrial buildings and mixed-use properties through investment sales, sale-leaseback transactions and portfolio dispositions. Since 2006, AM Group has employed innovative technology, forward-thinking property analysis, and a strategic marketing approach to achieve results and build long-term client relationships. AM Group has listed/sold commercial properties in multiple states including North Carolina, South Carolina, Virginia, Georgia, Texas, Pennsylvania, Alabama, Oklahoma, Illinois, Missouri, Louisiana, and Ohio among others.

Team Members:

Listed Properties

Transactions Closed

  • Homestead Market

    Homestead Market

    Shopping Strip

    Durham, NC
    Price: $17,145,000
    Size: 164,200 sqft
    Cap Rate: 9.27%

  • Payton Park

    Payton Park

    Shopping Regional

    Sylacauga, AL
    Price: $15,700,000
    Size: 231,820 sqft
    Size: 14 units
    Cap Rate: 8.50%

  • Hickory Corners

    Hickory Corners

    Shopping Regional

    Hickory, NC
    Price: $14,500,000
    Size: 180,742 sqft
    Cap Rate: 9.28%

  • Hickory Corners

    Hickory Corners

    Shopping Strip

    Hickory, NC
    Price: $13,600,000
    Size: 179,777 sqft
    Cap Rate: 10.19%

  • Market of Wake Forest

    Market of Wake Forest

    Shopping Neighborhood

    Wake Forest, NC
    Price: $11,450,000
    Size: 116,341 sqft
    Cap Rate: 8.44%

  • Heather Ridge Apartments

    Heather Ridge Apartments

    Multifamily

    Fayetteville, NC
    Price: $11,300,000
    Size: 197,560 sqft
    Size: 204 units
    Cap Rate: 6.42%

  • Greensboro Specialty Surgical Center

    Greensboro Specialty Surgical Center

    Single Tenant Office Medical

    Greensboro, NC
    Price: $9,300,000
    Size: 17,156 sqft
    Cap Rate: 6.11%

  • TSC Plaza

    TSC Plaza

    Shopping Strip

    Fuquay Varina, NC
    Price: $8,800,000
    Size: 58,508 sqft
    Cap Rate: 7.89%

  • Landmark Station

    Landmark Station

    Shopping Neighborhood

    Greensboro, NC
    Price: $8,549,453
    Size: 103,494 sqft
    Cap Rate: 8.95%

  • 108-110 W Broughton Street

    108-110 W Broughton Street

    Multifamily & Retail

    Savannah, GA
    Price: $7,950,000
    Size: 13,797 sqft
    Size: 13 units
    Cap Rate: 5.98%

  • Pinecrest Pointe

    Pinecrest Pointe

    Shopping Strip

    Raleigh, NC
    Price: $7,000,000
    Size: 89,224 sqft
    Cap Rate: 9.53%

  • The Arboretum

    The Arboretum

    Office & Retail

    Gastonia, NC
    Price: $6,600,000
    Size: 54,371 sqft
    Cap Rate: 8.44%

  • Hampton Pointe

    Hampton Pointe

    Shopping Strip

    Hillsborough, NC
    Price: $6,000,000
    Size: 38,253 sqft
    Cap Rate: 8.18%

  • Decatur Morgan Hospital MOB

    Decatur Morgan Hospital MOB

    Office Medical

    Decatur, AL
    Price: $5,783,600
    Cap Rate: 9.61%

  • Best Buy (NNN)

    Best Buy (NNN)

    Net Leased Electronics

    Lafayette, LA
    Price: $5,550,000
    Size: 45,000 sqft
    Cap Rate: 8.88%

  • Clayton Village

    Clayton Village

    Shopping Neighborhood

    Clayton, NC
    Price: $5,493,629
    Size: 61,620 sqft
    Cap Rate: 7.84%

  • Sunbelt Rentals

    Sunbelt Rentals

    Single-Tenant Industrial

    Garner, NC
    Price: $5,400,000
    Size: 15,300 sqft
    Cap Rate: 6.44%

  • The Shoppes at Azalea

    The Shoppes at Azalea

    Shopping Strip

    Summerville (Charleston), SC
    Price: $5,200,000
    Size: 11,996 sqft
    Cap Rate: 6.74%

  • Galleria Village

    Galleria Village

    Shopping Strip

    Charlotte, NC
    Price: $5,150,000
    Size: 34,690 sqft
    Cap Rate: 7.90%

  • Pelham Court

    Pelham Court

    Shopping Strip

    Greenville, SC
    Price: $4,900,000
    Size: 42,920 sqft
    Size: 14 units
    Cap Rate: 8.38%

  • Green Acres Shopping Center

    Green Acres Shopping Center

    Shopping Strip

    Kingsport, TN
    Price: $4,827,404
    Size: 161,128 sqft
    Cap Rate: 9.85%

  • Reedy Creek Plaza

    Reedy Creek Plaza

    Shopping Neighborhood

    CARY, NC
    Price: $4,680,000
    Size: 57,775 sqft
    Cap Rate: 8.92%

  • Godley Station Medical Buildings

    Godley Station Medical Buildings

    Office Medical

    Pooler, GA
    Price: $4,655,000
    Size: 19,980 sqft
    Cap Rate: 8.64%

  • Walgrens - Rogers, MN

    Walgrens - Rogers, MN

    Net Leased Drug Store

    Rogers, MN
    Price: $4,600,000
    Size: 14,490 sqft
    Cap Rate: 6.30%

  • Scozio Festival Foods

    Scozio Festival Foods

    Net Leased Grocery Store

    Wexford, PA
    Price: $4,400,000
    Size: 50,198 sqft
    Cap Rate: 12.55%

  • Walgreens

    Walgreens

    Net Leased Drug Store

    Union, MO
    Price: $4,368,619
    Size: 14,820 sqft
    Cap Rate: 7.21%

  • JDE Center (Verizon + Shops)

    JDE Center (Verizon + Shops)

    Shopping Strip

    Lexington, SC
    Price: $4,250,000
    Size: 13,513 sqft
    Cap Rate: 9.01%

  • Parklane Centre (Flex)

    Parklane Centre (Flex)

    Office

    Columbia, SC
    Price: $4,160,000
    Size: 47,810 sqft
    Cap Rate: 10.86%

  • The American Building

    The American Building

    Office

    Baltimore, MD
    Price: $4,150,000
    Size: 105,994 sqft
    Cap Rate: 4.21%

  • Freeman Center

    Freeman Center

    Shopping Strip

    Cary, NC
    Price: $4,140,000
    Size: 26,983 sqft
    Cap Rate: 7.24%

  • Newtown Shopping Center

    Newtown Shopping Center

    Shopping Strip

    Winston Salem, NC
    Price: $4,045,000
    Size: 42,898 sqft
    Size: 11 units
    Cap Rate: 9.16%

  • Hudson Corners

    Hudson Corners

    Shopping Neighborhood

    Gastonia, NC
    Price: $4,010,000
    Size: 37,368 sqft
    Cap Rate: 8.92%

  • Panera Bread | Mattress Firm

    Panera Bread | Mattress Firm

    Net Leased Miscellaneous

    Lexington, SC
    Price: $4,000,000
    Size: 8,700 sqft
    Cap Rate: 6.92%

  • Prime Redevelopment Corner Summerville

    Prime Redevelopment Corner Summerville

    Retail Vacant/User

    Summerville (Charleston MSA), SC
    Price: $4,000,000
    Size: 38,350 sqft
    Cap Rate: 0.31%

  • Canova Shopping Center

    Canova Shopping Center

    Shopping Regional

    Conover, NC
    Price: $3,828,110
    Size: 152,794 sqft
    Cap Rate: 13.96%

  • 1501 & 1511 Sunrise Avenue

    1501 & 1511 Sunrise Avenue

    Industrial Warehouse

    Raleigh, NC
    Price: $3,800,000
    Size: 45,808 sqft
    Size: 13 units
    Cap Rate: 4.79%

  • Tarlton Business Center

    Tarlton Business Center

    Office

    Wake Forest, NC
    Price: $3,750,000
    Size: 38,165 sqft
    Size: 17 units
    Cap Rate: 7.71%

  • Big View Diner | Harris Teeter Outparcel

    Big View Diner | Harris Teeter Outparcel

    Net Leased Restaurant

    Charlotte, NC
    Price: $3,700,000
    Size: 8,300 sqft
    Cap Rate: 6.73%

  • Shoppes of Heritage

    Shoppes of Heritage

    Shopping Strip

    Wake Forest, NC
    Price: $3,620,000
    Size: 21,860 sqft
    Cap Rate: 9.43%

  • North Market Square

    North Market Square

    Shopping Strip

    Raleigh, NC
    Price: $3,500,000
    Size: 33,624 sqft
    Cap Rate: 9.82%

  • 127 King Street

    127 King Street

    Urban-High Street Retail

    Charleston, SC
    Price: $3,500,000
    Size: 5,850 sqft
    Cap Rate: 4.98%

  • Hooters 15 Year NNN Lease

    Hooters 15 Year NNN Lease

    Net Leased Restaurant

    Charlotte, NC
    Price: $3,325,000
    Size: 6,304 sqft
    Cap Rate: 5.86%

  • Touchstone Village

    Touchstone Village

    Shopping Neighborhood

    Charlotte, NC
    Price: $3,300,000
    Size: 51,802 sqft
    Cap Rate: 9.44%

  • Atrium/Carolinas Healthcare Building

    Atrium/Carolinas Healthcare Building

    Office Medical

    Gastonia, NC
    Price: $3,300,000
    Size: 19,262 sqft
    Size: 03 units
    Cap Rate: 7.89%

  • Marketplace Center

    Marketplace Center

    Shopping Strip

    Newton, NC
    Price: $3,281,253
    Size: 126,435 sqft
    Size: 21 units
    Cap Rate: 12.12%

  • Shops at Rock Creek

    Shops at Rock Creek

    Shopping Strip

    Cordova, TN
    Price: $3,281,250
    Size: 61,333 sqft
    Cap Rate: -0.53%

  • Marion City Square

    Marion City Square

    Shopping Strip

    Marion, NC
    Price: $3,255,000
    Size: 155,156 sqft
    Size: 18 units
    Cap Rate: 16.02%

  • Rivers Edge Shopping Center

    Rivers Edge Shopping Center

    Shopping Neighborhood

    Rocky Mount, NC
    Price: $3,250,000
    Size: 55,160 sqft
    Cap Rate: 8.08%

  • Sticky Fingers | Absolute NNN

    Sticky Fingers | Absolute NNN

    Net Leased Restaurant

    Myrtle Beach, SC
    Price: $3,241,000
    Size: 6,411 sqft
    Cap Rate: 7.48%

  • Rite Aid

    Rite Aid

    Retail Vacant/User

    Louisville, KY
    Price: $3,236,000
    Size: 11,480 sqft

  • Burlington Commons

    Burlington Commons

    Shopping Strip

    Burlington, NC
    Price: $3,175,000
    Size: 13,848 sqft
    Size: 03 units
    Cap Rate: 7.46%

  • Zaxby's

    Zaxby's

    Net Leased Restaurant

    Sanford, NC
    Price: $3,175,000
    Size: 3,852 sqft
    Size: 01 units

  • Lake Wylie Plaza (Re-Position)

    Lake Wylie Plaza (Re-Position)

    Shopping Neighborhood

    Lake Wylie, SC
    Price: $3,174,559
    Size: 77,265 sqft
    Cap Rate: 9.68%

  • Shoppes at Bedford

    Shoppes at Bedford

    Shopping Strip

    Raleigh, NC
    Price: $3,150,000
    Size: 29,074 sqft
    Cap Rate: 9.72%

  • Dickerson Village

    Dickerson Village

    Shopping Strip

    Monroe, NC
    Price: $3,150,000
    Size: 22,040 sqft
    Cap Rate: 7.74%

  • Shoppes at Azalea - Phase II

    Shoppes at Azalea - Phase II

    Shopping Strip

    Summerville (Charleston), SC
    Price: $3,150,000
    Size: 6,500 sqft
    Cap Rate: 6.76%

  • Wadesboro Place (Walmart Shadow)

    Wadesboro Place (Walmart Shadow)

    Shopping Regional

    Wadesboro, NC
    Price: $3,000,000
    Size: 25,260 sqft
    Size: 07 units
    Cap Rate: 8.17%

  • Dickerson Village

    Dickerson Village

    Shopping Strip

    Monroe, NC
    Price: $2,925,000
    Size: 20,440 sqft
    Cap Rate: 7.95%

  • Capital Bank

    Capital Bank

    Net Leased Bank

    Cary, NC
    Price: $2,900,000
    Size: 3,951 sqft
    Cap Rate: 8.58%

  • Starbucks & Aspen Dental

    Starbucks & Aspen Dental

    Net Leased Restaurant

    Guntersville, AL
    Price: $2,877,778
    Size: 5,700 sqft
    Cap Rate: 6.75%

  • Bojangles

    Bojangles

    Net Leased Restaurant

    China Grove, NC
    Price: $2,855,000
    Size: 3,886 sqft
    Cap Rate: 5.35%

  • Medical Office | Value-Add

    Medical Office | Value-Add

    Office Medical

    Asheville, NC
    Price: $2,850,000
    Size: 10,955 sqft
    Size: 04 units
    Cap Rate: 7.58%

  • Carteret Commons

    Carteret Commons

    Shopping Strip

    Morehead City, NC
    Price: $2,800,000
    Size: 15,515 sqft
    Cap Rate: 8.57%

  • The Commons

    The Commons

    Shopping Strip

    Greenwood, SC
    Price: $2,750,000
    Size: 16,144 sqft
    Cap Rate: 8.08%

  • Wal-Mart Shadow

    Wal-Mart Shadow

    Shopping Strip

    Marion (Mullins), SC
    Price: $2,750,000
    Size: 23,920 sqft
    Cap Rate: 8.78%

  • National Tire & Battery

    National Tire & Battery

    Net Leased Auto Parts

    COLUMBUS, OH
    Price: $2,725,000
    Size: 12,051 sqft
    Cap Rate: 7.85%

  • Paddington Square

    Paddington Square

    Shopping Strip

    Raleigh, NC
    Price: $2,675,000
    Size: 10,100 sqft
    Size: 06 units
    Cap Rate: 7.49%

  • HD Supply

    HD Supply

    Single-Tenant Industrial

    Morrisville (Raleigh MSA), NC
    Price: $2,650,000
    Size: 13,291 sqft
    Cap Rate: 6.42%

  • 616 Meeting St. (Redevelopment Site)

    616 Meeting St. (Redevelopment Site)

    Shopping Strip

    Charleston, SC
    Price: $2,610,000
    Size: 23,136 sqft
    Cap Rate: 2.97%

  • Washington Park Plaza

    Washington Park Plaza

    Shopping Strip

    Bartlesville, OK
    Price: $2,600,000
    Size: 15,558 sqft
    Cap Rate: 9.57%

  • Hickory Ridge Crossing

    Hickory Ridge Crossing

    Shopping Strip

    Memphis, TN
    Price: $2,600,000
    Size: 89,717 sqft
    Cap Rate: 12.46%

  • Anderson Radiology

    Anderson Radiology

    Single Tenant Office Medical

    Anderson, SC
    Price: $2,425,000
    Size: 12,400 sqft
    Cap Rate: 7.96%

  • Centrum Station

    Centrum Station

    Shopping Strip

    Cary, NC
    Price: $2,416,666
    Size: 18,001 sqft
    Cap Rate: 8.44%

  • Baker Automotive

    Baker Automotive

    Net Leased Auto Dealership

    Charleston, SC
    Price: $2,400,000
    Size: 10,925 sqft
    Cap Rate: 4.38%

  • 82 Wentworth Street

    82 Wentworth Street

    Multifamily & Retail

    Charleston, SC
    Price: $2,400,000
    Size: 4,010 sqft
    Size: 03 units
    Cap Rate: 5.47%

  • 101 Matthews

    101 Matthews

    Office

    Matthews (Charlotte), NC
    Price: $2,370,000
    Size: 18,693 sqft
    Cap Rate: 8.57%

  • Bojangles'

    Bojangles'

    Net Leased Restaurant

    Asheville, NC
    Price: $2,366,667
    Size: 3,645 sqft
    Cap Rate: 6.00%

  • Paradise Shoppes

    Paradise Shoppes

    Shopping Strip

    Cumming, GA
    Price: $2,360,000
    Size: 8,340 sqft
    Size: 04 units
    Cap Rate: 7.04%

  • FedEx Express

    FedEx Express

    Single-Tenant Industrial

    Greenville, NC
    Price: $2,350,000
    Size: 26,500 sqft
    Cap Rate: 6.09%

  • Jack in the Box (Absolute NNN)

    Jack in the Box (Absolute NNN)

    Net Leased Restaurant

    Charlotte, NC
    Price: $2,350,000
    Size: 2,940 sqft
    Cap Rate: 7.11%

  • DaVita Dialysis

    DaVita Dialysis

    Single Tenant Office Medical

    Clinton, SC
    Price: $2,301,400
    Size: 9,343 sqft
    Cap Rate: 6.74%

  • North Branch Shopping Center

    North Branch Shopping Center

    Shopping Strip

    Concord, NC
    Price: $2,300,000
    Size: 27,623 sqft
    Cap Rate: 7.43%

  • Carolinas HealthCare System

    Carolinas HealthCare System

    Single Tenant Office Medical

    Shelby, NC
    Price: $2,250,000
    Size: 11,445 sqft
    Cap Rate: 8.50%

  • Steak N Shake (Corporate)

    Steak N Shake (Corporate)

    Net Leased Restaurant

    Canton, OH
    Price: $2,250,000
    Size: 3,950 sqft
    Cap Rate: 8.53%

  • Burger King | Absolute NNN

    Burger King | Absolute NNN

    Net Leased Restaurant

    Winterville (Greenville), NC
    Price: $2,187,000
    Size: 3,208 sqft
    Cap Rate: 6.00%

  • Bojangles

    Bojangles

    Net Leased Restaurant

    Aiken, SC
    Price: $2,165,000
    Size: 3,808 sqft
    Cap Rate: 6.42%

  • National Tire & Battery

    National Tire & Battery

    Net Leased Auto Parts

    Reynoldsburg (Columbus MSA), OH
    Price: $2,155,000
    Size: 11,204 sqft
    Cap Rate: 7.84%

  • Arby's

    Arby's

    Net Leased Restaurant

    Asheville, NC
    Price: $2,068,965
    Size: 2,020 sqft
    Cap Rate: 5.80%

  • Cedarcrest Village

    Cedarcrest Village

    Shopping Strip

    Lexington, SC
    Price: $1,992,000
    Size: 14,300 sqft
    Cap Rate: 8.18%

  • Chili's Ground Lease

    Chili's Ground Lease

    Net Leased Restaurant

    Austin, TX
    Size: 5,800 sqft
    Cap Rate: 6.15%

  • Walmart Shadow Strip

    Walmart Shadow Strip

    Shopping Strip

    Columbia, SC
    Price: $1,940,000
    Size: 7,500 sqft
    Size: 04 units
    Cap Rate: 5.69%

  • Redevelopment Site

    Redevelopment Site

    Single-Tenant Vacant/User

    Mount Pleasant, SC
    Price: $1,935,000
    Size: 7,401 sqft

  • Hope Valley Pointe

    Hope Valley Pointe

    Shopping Strip

    Durham, NC
    Price: $1,904,200
    Size: 13,446 sqft
    Cap Rate: 7.30%

  • Reelfoot Shopping Center

    Reelfoot Shopping Center

    Shopping Strip

    Union City , TN
    Price: $1,900,000
    Size: 83,995 sqft
    Cap Rate: 11.99%

  • Dollar General Market

    Dollar General Market

    Net Leased Discount

    Christianburg, VA
    Price: $1,900,000
    Size: 30,593 sqft
    Cap Rate: 8.71%

  • Prosperity Drive Retail Center

    Prosperity Drive Retail Center

    Shopping Strip

    Henderson, NC
    Price: $1,850,000
    Size: 9,800 sqft
    Cap Rate: 8.28%

  • Twin Creek Plaza (Leasehold Interest)

    Twin Creek Plaza (Leasehold Interest)

    Shopping Strip

    Shallotte, NC
    Price: $1,850,000
    Size: 58,320 sqft
    Cap Rate: 14.81%

  • Dollar General (15-Yr NNN)

    Dollar General (15-Yr NNN)

    Net Leased Discount

    Burnsville, NC
    Price: $1,782,573
    Size: 9,100 sqft
    Cap Rate: 6.45%

  • American Renal Associates & Warehouse

    American Renal Associates & Warehouse

    Single Tenant Office Medical

    Augusta, GA
    Price: $1,778,750
    Size: 22,737 sqft
    Cap Rate: 7.88%

  • NNN Taco Bell (19-Yrs Remaining)

    NNN Taco Bell (19-Yrs Remaining)

    Net Leased Restaurant

    Lexington (Columbia), SC
    Price: $1,754,000
    Size: 2,769 sqft
    Cap Rate: 7.85%

There are additional transactions closed, contact us for more.

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