Marcus & Millichap Inc.
07/08/2026 | Press release | Distributed by Public on 07/08/2026 14:58
Marcus & Millichap Brokers Sale and Financing of a Cash Management and Secure Logistics Company in Lubbock, Texas
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Marcus & Millichap Brokers Sale and Financing of a Cash Management and Secure Logistics Company in Lubbock, Texas
July 08, 2026
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LUBBOCK, Texas, July 8, 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 and financing of Loomis, a cash management and secure logistics company in Lubbock, Texas. Marcus & Millichap Capital Corporation (MMCC), a subsidiary of Marcus & Millichap, arranged the acquisition financing.
"This transaction attracted significant investor interest due to the combination of an investment-grade tenant, long-term absolute triple-net lease structure, and strategic industrial location," said Lior Regenstreif, executive managing director investments. "With more than seven years of remaining lease term, built-in rent growth and the property's location in an Opportunity Zone, the asset offered the stable cash flow and passive ownership characteristics investors continue to seek."
Regenstrief, in Marcus & Millichap's Encino office, in association with Tim Speck, Marcus & Millichap's Texas broker of record, marketed the property on behalf of the seller, a real estate developer. Dominic Sulo, senior managing director investments in Marcus & Millichap's Chicago Oak Brook office, procured the buyer, a local Texas resident.
Dean Giannakopoulos, senior managing director, capital markets, based in the firm's Chicago Oak Brook office, secured the financing with a national credit union on behalf of the buyer. The loan terms, although confidential, offered a 5.84% interest rate and 30-year amortization schedule.
Located at the intersection of Erskine Street and Interstate 27, the property consists of a 29,840-square-foot industrial facility situated on 3.57 acres. The asset is located within an opportunity zone and has benefited from millions of dollars in tenant-funded improvements. The property is positioned within Lubbock, a key distribution and manufacturing hub serving West Texas, Eastern New Mexico and the broader Southwest.
"This transaction attracted significant investor interest due to the combination of an investment-grade tenant, long-term absolute triple-net lease structure, and strategic industrial location," said Lior Regenstreif, executive managing director investments. "With more than seven years of remaining lease term, built-in rent growth and the property's location in an Opportunity Zone, the asset offered the stable cash flow and passive ownership characteristics investors continue to seek."
Regenstrief, in Marcus & Millichap's Encino office, in association with Tim Speck, Marcus & Millichap's Texas broker of record, marketed the property on behalf of the seller, a real estate developer. Dominic Sulo, senior managing director investments in Marcus & Millichap's Chicago Oak Brook office, procured the buyer, a local Texas resident.
Dean Giannakopoulos, senior managing director, capital markets, based in the firm's Chicago Oak Brook office, secured the financing with a national credit union on behalf of the buyer. The loan terms, although confidential, offered a 5.84% interest rate and 30-year amortization schedule.
Located at the intersection of Erskine Street and Interstate 27, the property consists of a 29,840-square-foot industrial facility situated on 3.57 acres. The asset is located within an opportunity zone and has benefited from millions of dollars in tenant-funded improvements. The property is positioned within Lubbock, a key distribution and manufacturing hub serving West Texas, Eastern New Mexico and the broader Southwest.
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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 https://www.MarcusMillichap.com.
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