Marcus & Millichap Announces the Sale of a 34,272-Square Foot Tacoma Office Building

TACOMA, Wash. October 6, 2025- 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 James Center Plaza, a 34,272-square foot office property located in Tacoma, Washington. The asset sold for $8,645,000.

Michael Babicz and RJ Vara, commercial investment specialists at The Vara Group of Marcus & Millichap's Seattle office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.

James Center Plaza is located at 1628 South Mildred Street in Tacoma, Washington. The property features eight medical-dental tenants, all under NNN lease terms with staggered lease expirations. Over 1,300 multifamily units are under construction in the immediate area, with an additional 3,700 units proposed within a five-mile radius, making this investment a well-located and primary medical provider for current and future nearby residents.

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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, 2024, the company had 1,712 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 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit https://www.MarcusMillichap.com.