Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has hired David Crotts as a senior associate in the firm’s National Retail Group (NRG) and Institutional Property Advisors according to Bryn Merrey, senior vice president/division manager of the Mid-Atlantic and Southeastern offices.

“I see an opportunity in the under $30 million private client space – it’s the largest segment of the investment sales market and currently under served by the broker community,” Crotts explains. “Marcus & Millichap is already the dominant broker in this space and they offer a compelling value proposition to private clients.”

In his new role, Crotts will focus on shopping centers in the Mid-Atlantic and Washington, D.C. metro area. Crotts joins a team of NRG directors: Dean Zang, Mark Taylor, and Derrick Dougherty.

“Our team is well known for closing net-lease transactions,” states Zang, who co-leads the Philadelphia and Washington, D.C. based group TZD Retail Group. “Our goal as a team is to provide our clients with the same focus and expertise on shopping center transactions that they have come to expect from us in the net-lease sphere. David’s enthusiasm and experience is an excellent fit.”

Prior to joining Marcus & Millichap, David Crotts worked as a director of capital markets with CBRE, focusing on shopping center transactions. Since he joined CBRE in 2012, Crotts worked on over 80 retail transactions including the Travilah Square Shopping Center for $22.4 million, Backlick Plaza for $30.1 million, The Retail at Midtown Reston for $15.3 million, and the Morris Companies retail portfolio for $369 million.

“Dean and the TZD Retail Team have a lot of energy and I am excited to be a part of it.” Crotts says.

David Crotts holds a Bachelor of Arts and a Masters of Business Administration with a concentration in real estate finance from the University of North Carolina at Chapel Hill.

About Marcus & Millichap (NYSE: MMI)

With over 1,600 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 8,700 transactions in 2015 with a value of approximately $37.8 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com