Press Releases
Marcus & Millichap Arranges $2.72M Sale of Verizon Property in the Atlanta MSA
February 18, 2026
LAWRENCEVILLE, Ga., Feb. 18, 2026 – 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 a net-leased Verizon property in Lawrenceville, Georgia, for $2.72 million.
“Verizon’s recent long-term lease renewal underscores its continued commitment to this strategic site, which offered our buyer secure cash flow as part of a 1031 exchange,” said Sam Malato, director investments. “With strong population growth, a diverse economic base and significant public and private investment, including the ongoing expansion of Northside Hospital Gwinnett, Lawrenceville continues to emerge as an increasingly attractive market for net-leased investments.”
Malato and Dominic Sulo, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, in association with John Leonard, Marcus & Millichap’s Georgia broker of record, had the exclusive listing to market the property on behalf of the seller, a California-based private investor, and procured the buyer, a family-run commercial real estate development and management business from Cordele, Georgia.
Located at 890 Lawrenceville-Suwanee Road, the property was built in 2006 and has operated as a Verizon since its opening. Situated on 1.29 acres, the asset is secured by a corporate-guaranteed double-net lease with eight years remaining. The site is adjacent to national retailers including Target, The Home Depot, Publix Super Market, Marshalls and PetSmart.
“Verizon’s recent long-term lease renewal underscores its continued commitment to this strategic site, which offered our buyer secure cash flow as part of a 1031 exchange,” said Sam Malato, director investments. “With strong population growth, a diverse economic base and significant public and private investment, including the ongoing expansion of Northside Hospital Gwinnett, Lawrenceville continues to emerge as an increasingly attractive market for net-leased investments.”
Malato and Dominic Sulo, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, in association with John Leonard, Marcus & Millichap’s Georgia broker of record, had the exclusive listing to market the property on behalf of the seller, a California-based private investor, and procured the buyer, a family-run commercial real estate development and management business from Cordele, Georgia.
Located at 890 Lawrenceville-Suwanee Road, the property was built in 2006 and has operated as a Verizon since its opening. Situated on 1.29 acres, the asset is secured by a corporate-guaranteed double-net lease with eight years remaining. The site is adjacent to national retailers including Target, The Home Depot, Publix Super Market, Marshalls and PetSmart.
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About Marcus & Millichap, Inc. (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, 2025, the company had 1,808 investment sales and financing professionals in over 80 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
