Press Releases
Marcus & Millichap Brokers Sale of 29,400-Square-Foot Retail Center in Houston Suburb
March 04, 2025
SUGAR LAND, Texas, Mar. 4, 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 Synott Flex Retail Center, a 29,400-square-foot retail center in Sugar Land, Texas.
Philip Levy, Allie Munday and Adam Abushagur, investment specialists in Marcus & Millichap’s Dallas office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, also a private investor, was procured by Levy and Munday.
"Synott Flex Retail Center was put under contract swiftly and with exceptional terms,” said Munday, associate. “This is a testament to the strong demand in the market for quality new construction retail spaces, as well as our commitment to meeting the evolving needs of our clients.”
Located at 10555 Synott Road, the retail center comprises three buildings on 2.35 acres. Built in 2024, the property is fully leased to seven tenants, including a tire shop, smoke shop and other local businesses.
Philip Levy, Allie Munday and Adam Abushagur, investment specialists in Marcus & Millichap’s Dallas office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, also a private investor, was procured by Levy and Munday.
"Synott Flex Retail Center was put under contract swiftly and with exceptional terms,” said Munday, associate. “This is a testament to the strong demand in the market for quality new construction retail spaces, as well as our commitment to meeting the evolving needs of our clients.”
Located at 10555 Synott Road, the retail center comprises three buildings on 2.35 acres. Built in 2024, the property is fully leased to seven tenants, including a tire shop, smoke shop and other local businesses.
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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 www.MarcusMillichap.com.
