Press Releases
Marcus & Millichap Brokers Sale of Last Undeveloped Site on Dallas’ North Henderson Avenue
January 15, 2025
DALLAS, Jan. 15, 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 a 29,000 square-foot development located at 2622, 2626, 2630, and 2636 North Henderson Avenue in Dallas, Texas.
“This transaction presented a rare opportunity to acquire the last remaining undeveloped land site along North Henderson Avenue, one of Dallas’ most sought-after retail and residential corridors,” said Joe Santelli, first vice president investments. “We’re experiencing a tremendous amount of capital being invested in this submarket today, driving both rents and property values to an all-time high and providing an exciting future for North Henderson.”
Santelli and David Fersing, investment specialists in Marcus & Millichap’s Dallas office, exclusively marketed the property on behalf of the seller, a local private investor.
The site consists of four contiguous lots zoned PD 462. The site has direct access to major submarkets, including Knox District, Highland Park, and Lower Greenville. With 200 feet of frontage along North Henderson Avenue, the property is surrounded by a growing mix of Class A residential developments, retail, and dining options.
“This transaction presented a rare opportunity to acquire the last remaining undeveloped land site along North Henderson Avenue, one of Dallas’ most sought-after retail and residential corridors,” said Joe Santelli, first vice president investments. “We’re experiencing a tremendous amount of capital being invested in this submarket today, driving both rents and property values to an all-time high and providing an exciting future for North Henderson.”
Santelli and David Fersing, investment specialists in Marcus & Millichap’s Dallas office, exclusively marketed the property on behalf of the seller, a local private investor.
The site consists of four contiguous lots zoned PD 462. The site has direct access to major submarkets, including Knox District, Highland Park, and Lower Greenville. With 200 feet of frontage along North Henderson Avenue, the property is surrounded by a growing mix of Class A residential developments, retail, and dining options.
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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, 2023, the company had 1,783 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 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.
