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Marcus & Millichap Brokers the Sale of a 58,843-Square-Foot Office Property in Corpus Christi

May 17, 2022

CORPUS CHRISTI, Texas, May 17, 2022 – 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 Alorica, a 58,843-square foot property in Corpus Christi, Texas.

“Alorica proved its commitment to this location after signing a new, long-term lease and investing over $4 million in capital improvements. This, in addition to favorable real estate fundamentals, triggered my client's investment decision,” said Benedict Gutierrez, investment specialist in Marcus & Millichap’s Miami office.

Gutierrez exclusively represented the buyer, HMVP Holdings, LLC. Tim Speck, Marcus & Millichap's Texas broker of record, assisted in closing this transaction.

The 9.97-acre property, located at 330 Opportunity Drive, is in a high traffic area along State Route 358 (SH 358) /South Padre Island Drive. Alorica is within 5 miles of Corpus Christi International Airport, Gateway to the Gulf of Mexico, Padre Island National Seashore, and surrounded by national retailers.

Headquartered in Irvine, California, Alorica is the largest provider of digital customer experiences for more than 200 major clients, including leading wireless providers, Fortune 500 healthcare companies, and the world’s largest car manufacturers.

 

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About Marcus & Millichap (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2021, the company had 1,994 investment sales and financing professionals in 82 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.

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