Marcus & Millichap

Derek Hargrove

Overview

Derek is a Vice President of Investments with Marcus & Millichap, holding the title of Associate Director within the National Retail Group (NRG), Associate Member within the Net Lease Properties Group (NLPG), and Member of the National Office and Industrial Properties Group (NOIPG). Derek focuses on the sale of multi-tenant shopping centers, office, industrial, and NNN single-tenant assets throughout the US.

With over ten years of real estate experience, Derek has a reputation for his creative sales strategies and intuitive underwriting skills. Derek´s expert knowledge of lease negotiations/structure, land development, co-tenancy preferences, site layout fundamentals, construction costs, built-to-suit, reverse BTS, sale-leaseback structure, syndication, and financial modeling allow him to provide unique perspective on the sale of almost any type of commercial asset.

Prior to joining Marcus & Millichap, Derek worked at UCR moodyrambin PAGE where he was responsible for the leasing and sale of multi-tenant retail.  Previously, Derek headed up the CBRE Houston Private Client Investment Group where he was recognized as one of the top 100 retail professionals within CBRE globally.

Derek has been featured on programs such as BBC Panorama for his expert knowledge in understanding the underlying dynamics of property valuation.

Derek enjoys challenging assignments, "For me, the business is about three things: understanding client needs, expert market knowledge and timely execution of client objectives – whether that be selling, buying or financing real estate investments", said Hargrove. Derek received a bachelor´s degree in finance from the University of Arizona. He is a licensed Real Estate Broker for the State of Texas.

A fourth generation Houstonian, Derek enjoys spending his free time with his wife Morag and two daughters Cameron and Jessica. 
     
Derek has received consecutive Sales Recognition Awards in 2013, 2014, and 2015.  He also received the National Achievement Award in 2014 where he ranked No. 3 overall in the organization for the sale of multi-tenant retail.

Houston
Derek Hargrove

Derek Hargrove

Vice President Investments
Tel: (713) 452-4200
Fax: (713) 452-4210

License:  TX  499385

International Council of Shopping Centers

Associate Member - Net Leased Properties Group
Member - National Office and Industrial Properties Group
Director - National Retail Group

Promoted to Vice President Investments in July, 2015

University of Arizona, BS, Finance, 1999
Southwestern University, Georgetown, TX, 1995
Lamar High School, 1994

National Achievement Award - 2015, 2014
Sales Recognition Award - 2016, 2015, 2014, 2013

Specialty

Director | National Retail Group
Investment Sales & Advisory Services
  • Multi-Tenant Retail
  • Single Tenant NNN
  • Mulit-Tenant Office
  • Mulit-Tenant Industrial/Flex
  • Sale-Leaseback Transactions
  • Seller Representation
  • Buyer Representation

Listed Properties

Private Listings

Transactions Closed

  • Marcel Crossing II

    Marcel Crossing II

    Shopping Strip (Lease Transaction)

    The Woodlands, TX
    Size: 27,128 sqft

  • The Villagio at Cinco Ranch

    The Villagio at Cinco Ranch

    Shopping Strip

    Katy, TX
    Size: 111,963 sqft

  • South Heights Retail Center

    South Heights Retail Center

    Shopping Strip

    Houston, TX
    Size: 31,068 sqft

  • Westside Plaza

    Westside Plaza

    Shopping Strip

    Houston, TX
    Size: 43,021 sqft

  • Marcel Commons of Katy

    Marcel Commons of Katy

    Shopping Strip

    Katy, TX
    Size: 35,127 sqft

  • 3000 Research Forest

    3000 Research Forest

    Office

    The Woodlands, TX
    Size: 28,487 sqft

  • South Wayside Village

    South Wayside Village

    Shopping Strip

    Houston, TX
    Size: 29,364 sqft

  • Greenbriar North Center

    Greenbriar North Center

    Shopping Strip

    Houston, TX
    Size: 84,465 sqft

  • Hawthorne Square

    Hawthorne Square

    Shopping Strip

    Houston, TX
    Size: 14,800 sqft

  • Marcel Crossing II

    Marcel Crossing II

    Shopping Strip

    The Woodlands, TX
    Size: 27,128 sqft

  • Centre at Wallisville

    Centre at Wallisville

    Shopping Strip

    Houston, TX
    Size: 18,784 sqft

  • Centre At South Shore Harbour

    Centre At South Shore Harbour

    Shopping Strip

    League City, TX
    Size: 28,150 sqft

  • 6250-6260 Westpark

    6250-6260 Westpark

    Office

    Houston, TX

  • 515 Westheimer Rd

    515 Westheimer Rd

    Shopping Strip

    Houston, TX
    Size: 13,381 sqft

  • Bonaventure Plaza

    Bonaventure Plaza

    Shopping Strip

    Sugar Land, TX
    Size: 18,702 sqft

  • Cinco Ranch Plaza I

    Cinco Ranch Plaza I

    Shopping Strip

    Katy, TX
    Size: 20,562 sqft

  • The Shops @ Sienna Ranch

    The Shops @ Sienna Ranch

    Shopping Strip

    Missouri City, TX
    Size: 21,483 sqft

  • Katy Mills Crossing

    Katy Mills Crossing

    Shopping Strip

    Katy, TX
    Size: 30,085 sqft

  • 2715 Bissonnet

    2715 Bissonnet

    Office

    Houston, TX
    Size: 27,725 sqft

  • Kemah Park

    Kemah Park

    Shopping Strip

    Kemah (Houston MSA), TX
    Size: 16,675 sqft

  • 2411 Fountain View Drive

    2411 Fountain View Drive

    Office

    Houston, TX

  • Three Palms Center

    Three Palms Center

    Shopping Strip

    Texas City (Houston), TX
    Size: 26,318 sqft

  • Katy Briar Shopping Center

    Katy Briar Shopping Center

    Shopping Strip

    Katy, TX
    Size: 22,831 sqft

  • Cinco Ranch Crossing

    Cinco Ranch Crossing

    Industrial Office Warehouse

    Richmond, TX
    Size: 31,014 sqft

  • Chuy's (Absolute Net)

    Chuy's (Absolute Net)

    Net Leased Restaurant

    Sugar Land, TX
    Size: 7,619 sqft

  • 2401 North Shepherd

    2401 North Shepherd

    Land - Commercial

    Houston, TX
    Size: 52,405 sqft

  • Arbor Square

    Arbor Square

    Office

    Houston, TX

  • Carriage Hills - Land

    Carriage Hills - Land

    Land - Retail

    Conroe, TX

  • Tuscan Village Plaza

    Tuscan Village Plaza

    Shopping Strip

    Magnolia, TX
    Size: 15,318 sqft

  • Bay Colony Center II

    Bay Colony Center II

    Shopping Strip

    Dickinson (Houston), TX
    Size: 22,745 sqft

  • Dollar General Business Park

    Dollar General Business Park

    Industrial Office Warehouse

    Houston, TX

  • The Colonnade on Lake Conroe

    The Colonnade on Lake Conroe

    Shopping Strip

    Conroe, TX
    Size: 27,125 sqft

  • 255 Northpoint Drive

    255 Northpoint Drive

    Office

    Houston, TX
    Size: 37,854 sqft

  • The Crossing at Telfair Commons

    The Crossing at Telfair Commons

    Shopping Strip

    Sugar Land, TX
    Size: 8,700 sqft

  • Fondren Shopping Center

    Fondren Shopping Center

    Shopping Strip

    Houston, TX
    Size: 22,465 sqft

  • The Woods Office Park

    The Woods Office Park

    Office

    Houston, TX
    Size: 49,044 sqft

  • Young Leaders - NNN (Sugar Land, TX)

    Young Leaders - NNN (Sugar Land, TX)

    Net Leased Child Care

    Sugar Land, TX
    Size: 10,500 sqft

  • Market Square

    Market Square

    Shopping Strip

    Houston, TX
    Size: 9,567 sqft

  • Buffalo Wild Wings

    Buffalo Wild Wings

    Net Leased Restaurant

    Houston, TX
    Size: 4,500 sqft

  • Devon Office Park

    Devon Office Park

    Office

    Houston, TX

  • Goodyear NN - Cypress (Houston) TX

    Goodyear NN - Cypress (Houston) TX

    Net Leased Auto Parts

    Cypress, TX
    Size: 9,000 sqft

  • Old Texas Plaza

    Old Texas Plaza

    Shopping Strip

    Lufkin, TX
    Size: 15,636 sqft

  • Starbucks

    Starbucks

    Net Leased Restaurant

    Sugar Land, TX
    Size: 1,850 sqft

  • Jamaica Village Shopping Center

    Jamaica Village Shopping Center

    Shopping Strip

    Galveston, TX
    Size: 21,065 sqft

  • 290 Crossing

    290 Crossing

    Shopping Strip

    Houston, TX
    Size: 6,856 sqft

  • Fast Fuel

    Fast Fuel

    Net Leased Auto Service - Gas/Conv.

    The Colony, TX
    Size: 3,850 sqft

  • Taco Bell Ground Lease

    Taco Bell Ground Lease

    Net Leased Restaurant

    Houston, TX
    Size: 2,562 sqft

  • Canal Warehouse Collection

    Canal Warehouse Collection

    Industrial Warehouse

    Houston, TX
    Size: 45,000 sqft

  • 5440 Memorial Drive

    5440 Memorial Drive

    Land - Retail

    Houston, TX
    Size: 14,500 sqft

  • Commercial Alliance Insurance Company - NNN

    Commercial Alliance Insurance Company - NNN

    Single-Tenant Office

    Houston, TX
    Size: 11,350 sqft

  • Vacant Johnny Carino's

    Vacant Johnny Carino's

    Net Leased Restaurant

    Missouri City (Houston), TX
    Size: 61,155 sqft

  • Sherwin-Williams

    Sherwin-Williams

    Net Leased Miscellaneous

    Houston, TX
    Size: 3,642 sqft

  • TitleMax | Cindie's - NNN

    TitleMax | Cindie's - NNN

    Urban-High Street Retail

    Houston, TX
    Size: 4,854 sqft

  • Lexington Center

    Lexington Center

    Urban-High Street Retail

    Houston, TX
    Size: 6,500 sqft

  • Park Row Plaza

    Park Row Plaza

    Shopping Strip

    Houston, TX
    Size: 9,380 sqft

  • Dollar General Plaza

    Dollar General Plaza

    Shopping Strip

    Pasadena , TX
    Size: 13,214 sqft

  • Taco Bell - University of Houston

    Taco Bell - University of Houston

    Net Leased Restaurant

    Houston, TX
    Size: 1,985 sqft

  • Bayview Square

    Bayview Square

    Shopping Strip

    Texas City (Houston), TX
    Size: 8,382 sqft

  • Fairmont Crossing

    Fairmont Crossing

    Shopping Strip

    Pasadena, TX
    Size: 6,656 sqft

  • Woodforest Plaza

    Woodforest Plaza

    Shopping Strip

    Houston, TX
    Size: 13,568 sqft

  • State of Texas Building - Pasadena

    State of Texas Building - Pasadena

    Office

    Pasadena, TX

  • 2105 Yale Street

    2105 Yale Street

    Land - Retail

    Houston , TX

  • Family Dollar

    Family Dollar

    Net Leased Discount

    Sealy, TX
    Size: 8,000 sqft

  • Mangum Center

    Mangum Center

    Shopping Strip

    Houston, TX
    Size: 9,142 sqft

  • FM 1462 Business Park

    FM 1462 Business Park

    Industrial Office Warehouse

    Rosharon, TX

  • 3507 S. Shepherd

    3507 S. Shepherd

    Shopping Strip

    Houston, TX
    Size: 5,000 sqft

  • 1721 Oak Tree

    1721 Oak Tree

    Industrial Vacant/User

    Houston, TX

  • Speedemissions (Absolute Net) - 12430 Bissonnet

    Speedemissions (Absolute Net) - 12430 Bissonnet

    Net Leased Auto Service - Gas/Conv.

    Houston, TX
    Size: 1,798 sqft

In The News

  • M&M ARRANGES SALE OF 26,735 SF OFFICE BUILDING IN HOUSTON

    HOUSTON — Marcus & Millichap has arranged the sale of Devon Office Park, a 26,735-square-foot building located in Houston. Derek Hargrove and Justin Miller of Marcus & Millichap’s Houston office...

    Read More

    MARCUS & MILLICHAP ARRANGES THE SALE OFA 114,986 SQUARE FOOT OFFICE BUILDING

    HOUSTON, 2015– Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of 6250-6260...

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    MARCUS & MILLICHAP ARRANGES THE SALE OF FARIMONT CROSSING 2-TENANT SHOPPING CENTER

    PASADENA, 2015 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Fairmont...

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  • MARCUS & MILLICHAP ARRANGES THE SALE OF 15,540 SQUARE FOOT PROPERTY IN THE HOUSTON HEIGHTS

    HOUSTON, 2016– Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of a sought after...

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    MARCUS & MILLICHAP ARRANGES THE SALE OF A 18,784 SQUARE FOOT RETAIL PROPERTY

    HOUSTON, 2015– Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Centre at...

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    MARCUS & MILLICHAP ARRANGES THE SALE OF URBAN CORE SHOPPING CENTER IN MONTROSE - HOSUTON, TX

    HOUSTON, 2015– Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Hawthorne...

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  • MARCUS & MILLICHAP ARRANGES THE SALE OF A 55,521 SQUARE FOOT BUSINESS PARK

    HOUSTON, TX, April 14, 2014– Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale...

    Read More

    MARCUS & MILLICHAP ARRANGES THE SALE OF A 61,155 SQUARE FOOT NET LEASED PROPERTY IN RIVERSTONE

    MISSOURI CITY (HOUSTON), TEXAS, June 28, 2014– Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today...

    Read More

    MARCUS & MILLICHAP ARRANGES THE SALE OF A 9,567 SQUARE FOOT RETAIL PROPERTY

    HOUSTON, TEXAS, December 8, 2014– Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the...

    Read More
  • MARCUS & MILLICHAP ARRANGES THE SALE OF 2,000 SQUARE FOOT NET LEASED PROPERTY ON LOWER WESTEHEIMER

    HOUSTON, TX, April 14,2014 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale...

    Read More

    MARCUS & MILLICHAP ARRANGES THE SALE OF A 20,562 SQUARE FOOT RETAIL PROPERTY IN CINCO RANCH

    ATY, TX, April 2, 2014– Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of...

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    MARCUS & MILLICHAP ARRANGES THE SALE OF A 29,364 SQUARE FOOT INNER LOOP SHOPPING CENTER

    HOUSTON, TX, April 2, 2014– Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale...

    Read More
  • MARCUS & MILLICHAP ARRANGES THE SALE OF A 16,675 SQUARE-FOOT RETAIL PROPERTY IN KEMAH TEXAS

    KEMAH (HOUSTON MSA), TX, – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Kemah Park, a 16,675 square-foot...

    Read More

    MARCUS & MILLICHAP ARRANGES THE SALE OF A 27,128 SQUARE-FOOT SHOPPING CENTER IN THE WOODLANDS

    THE WOODLANDS, TX – Marcus & Millichap (NYSE: MMI), a leading real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Marcel Crossing...

    Read More

    MARCUS & MILLICHAP ARRANGES THE SALE OF A 28,487 SQUARE-FOOT MIXED USE PROPERTY IN THE WOODLANDS

    THE WOODLANDS, TX – Marcus & Millichap (NYSE: MMI), a leading real estate investment services firm with offices throughout the United States and Canada, today announced the sale of 3000 Research...

    Read More
  • MARCUS & MILLICHAP ARRANGES THE SALE OF A 15,318 SQUARE-FOOT RETAIL PROPERTY

    THE WOODLANDS, TX – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Tuscan Village Plaza, a 15,318...

    Read More

    M&M BROKERS SALE OF 9,000 SF SINGLE TENANT NET-LEASED GOODYEAR IN CYPRESS TEXAS

    CYPRESS, TEXAS, November 7, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Goodyear NN - Cypress...

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    MARCUS & MILLICHAP ARRANGES THE SALE OF NET-LEASED PROPERTY IN SUGAR LAND

    SUGAR LAND, TX, January 31, 2014 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Young Leaders – NNN, a...

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  • M&M BROKERS $5.9M SHOPPING CENTER SALE IN SUGAR LAND

    SUGAR LAND, TEXAS — Marcus & Millichap has brokered the sale of Bonaventure Plaza, an 18,702-square-foot shopping center in the Houston suburb of Sugar Land, for $5.9 million. Constructed in 2008,...

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    M&M BROKERS SALE OF NET-LEASED PROPERTY IN HOUSTON FOR $1.6M

    HOUSTON — Marcus & Millichap has brokered the $1.6 million sale of an 11,350-square-foot net-leased property occupied by Commercial Alliance Insurance Co. in Houston. The asset is located at 415...

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    M&M BROKERS SALE OF 27,725 SF HOUSTON INNER LOOP OFFICE BUILDING

    HOUSTON — Marcus & Millichap has brokered the sale of a 27,725-square-foot office building in Houston’s inner loop. Situated on a corner parcel of 1.56 acres at the intersection of Bissonnet Street...

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  • MARCUS & MILLICHAP SELLS ABSOLUTE NET-LEASED CORPORATE TACO BELL SHADOWED BY UNIVERSITY OF HOUSTON

    HOUSTON, TX, June 26, 2013– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of a new 20 year absolute...

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    MARCUS & MILLICHAP SELLS A 22,465 SF GALLERIA AREA SHOPPING CENTER

    November 26, 2012– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Fondren Shopping Center, a 22,465 square...

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    MARCUS & MILLICHAP SELLS SHOPPING CENTER IN UPPER KIRBY

    November 20, 2012– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of a 5,000 square foot shopping center...

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  • MARCUS & MILLICHAP SELLS ENERGY CORRIDOR SHOPPING CENTER

    March 5, 2013– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Park Row Plaza, a 9,380 square foot shopping...

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    MARCUS & MILLICHAP SELLS INNER LOOP MONTROSE SHOPPING CENTER

    Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of 1000 West Gray St., an 11,740 square foot shopping center on...

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