Press Releases
Marcus & Millichap Brokers Sale of 51,030 Square Foot Conroe Shopping Center in Texas
August 07, 2025
CONROE, Texas, Aug. 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 Conroe Shopping Center, an 18-suite retail property in Conroe, Texas.
“We represented the buyer and successfully navigated a competitive bidding process with more than 10 competing offers to secure this asset," said Bill Dang, associate investments. "Fueled by strong and sustained population growth, Conroe has implemented temporary development moratoriums in select areas of the city, limiting new retail construction and driving demand and value for existing properties.”
Dang and Justin Miller, investment specialists in Marcus & Millichap’s Houston office, procured the buyer, a Houston-based investor.
Conroe Shopping Center is a 51,030-square-foot, Kroger shadow-anchored strip center located at 2218 Interstate 45 N. Built in 2004, the property features a diverse tenant mix of national brands including Workforce Solutions, GNC, Subway and WingStop. It is positioned along Interstate 45, which sees more than 120,000 vehicles per day.
“We represented the buyer and successfully navigated a competitive bidding process with more than 10 competing offers to secure this asset," said Bill Dang, associate investments. "Fueled by strong and sustained population growth, Conroe has implemented temporary development moratoriums in select areas of the city, limiting new retail construction and driving demand and value for existing properties.”
Dang and Justin Miller, investment specialists in Marcus & Millichap’s Houston office, procured the buyer, a Houston-based investor.
Conroe Shopping Center is a 51,030-square-foot, Kroger shadow-anchored strip center located at 2218 Interstate 45 N. Built in 2004, the property features a diverse tenant mix of national brands including Workforce Solutions, GNC, Subway and WingStop. It is positioned along Interstate 45, which sees more than 120,000 vehicles per day.
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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.
