Press Releases
Marcus & Millichap Brokers Sale of Newly Built Shopping Center in Katy Texas
March 06, 2025
KATY, Texas, Mar. 6, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today sale of Gaston Retail Center, a newly built Class A retail center in Katy, Texas.
“The strong demographics and excellent fundamentals of the Katy area, combined with the well-curated mix of tenants in the center, helped attract a lot of investor attention out of the gate,” said Justin Miller, senior vice president investments.
Miller and Irby Rozelle, investment specialists in Marcus & Millichap’s Houston office, exclusively marketed the property on behalf of the seller, a Katy-based developer, and procured the buyer.
“The seller ultimately selected a local private investor that targets high-quality suburban assets,” added Rozelle, an associate.
Located at 10610 Gaston Road, the 21,598-square-foot retail center sits on 2.2 acres and is fully leased to nine local restaurants and service providers including Dos Tacos, Vogs Coffeehouse and Molar Dental.
“The strong demographics and excellent fundamentals of the Katy area, combined with the well-curated mix of tenants in the center, helped attract a lot of investor attention out of the gate,” said Justin Miller, senior vice president investments.
Miller and Irby Rozelle, investment specialists in Marcus & Millichap’s Houston office, exclusively marketed the property on behalf of the seller, a Katy-based developer, and procured the buyer.
“The seller ultimately selected a local private investor that targets high-quality suburban assets,” added Rozelle, an associate.
Located at 10610 Gaston Road, the 21,598-square-foot retail center sits on 2.2 acres and is fully leased to nine local restaurants and service providers including Dos Tacos, Vogs Coffeehouse and Molar Dental.
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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.
