Press Releases
Marcus & Millichap Brokers Sale of Fully Occupied Retail Property in Montgomery County
May 07, 2025
MAGNOLIA, Texas, May 7, 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 Windcrest Village Square, a 14,907-square-foot multi-tenant retail center at 9533 FM 1488 in Magnolia, Texas.
“We’re pleased to have successfully facilitated the closing of Windcrest Village Square – Phase II,” said Allie Munday, associate. “This asset was under contract for less than 35 days, demonstrating both the strong demand for new construction in Texas and our continued commitment to helping clients achieve their strategic investment objectives.”
Munday and Philip Levy, investment specialists in Marcus & Millichap’s Dallas office, represented the seller in the transaction.
Built in 2023, the 1.56-acre property is fully leased to a complementary mix of national, regional, and local retailers, including The Toasted Yolk, Sugar Llamas, Anytime Fitness, Kitchen & Bath Shop, and Ally Anne’s Kolache Kitchen. The center is near major national retailers and is supported by an average household income of more than $180,000 within a one-mile radius.
“We’re pleased to have successfully facilitated the closing of Windcrest Village Square – Phase II,” said Allie Munday, associate. “This asset was under contract for less than 35 days, demonstrating both the strong demand for new construction in Texas and our continued commitment to helping clients achieve their strategic investment objectives.”
Munday and Philip Levy, investment specialists in Marcus & Millichap’s Dallas office, represented the seller in the transaction.
Built in 2023, the 1.56-acre property is fully leased to a complementary mix of national, regional, and local retailers, including The Toasted Yolk, Sugar Llamas, Anytime Fitness, Kitchen & Bath Shop, and Ally Anne’s Kolache Kitchen. The center is near major national retailers and is supported by an average household income of more than $180,000 within a one-mile radius.
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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.
