Press Releases
Marcus & Millichap Arranges Sale of Mixed-Use Property in Downtown Fort Worth
October 23, 2025
FORT WORTH, Texas, Oct. 23, 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 One Century Plaza, a 25,000-square-foot mixed-use property in downtown Fort Worth, Texas.
“This transaction epitomizes the rapid redevelopment wave reshaping downtown Fort Worth,” said Joe Santelli, senior director investments. “The property had sat vacant for years, but with expansion projects accelerating throughout the submarket, demand for well-located, value-add opportunities like this has surged. The site’s dedicated parking, an incredibly rare amenity in this area, was a key differentiator for this asset.”
Santelli, an urban investment property specialist in Marcus & Millichap’s Dallas office, had the exclusive listing to market the property on behalf of the seller, a local private investment group. The buyer was a local development group.
“Downtown Fort Worth continues to attract strong interest from investors and developers due to its favorable zoning, growing demographics and pro-business environment,” Santelli added. “This sale highlights both the momentum in the area and our team’s continued success in closing strategic opportunities. We look forward to seeing the site reimagined as a boutique hospitality concept.”
Located on 0.12 acres at 827 Houston St., One Century Plaza is a five-story, mixed-use building with basement space and access to dedicated parking spaces in a nearby garage. Positioned along a high-visibility corridor, the property is surrounded by more than $2.5 billion in new development and is within walking distance of major destinations including Sundance Square, the Fort Worth Convention Center, Texas A&M’s new law school campus and Deco 969.
“This transaction epitomizes the rapid redevelopment wave reshaping downtown Fort Worth,” said Joe Santelli, senior director investments. “The property had sat vacant for years, but with expansion projects accelerating throughout the submarket, demand for well-located, value-add opportunities like this has surged. The site’s dedicated parking, an incredibly rare amenity in this area, was a key differentiator for this asset.”
Santelli, an urban investment property specialist in Marcus & Millichap’s Dallas office, had the exclusive listing to market the property on behalf of the seller, a local private investment group. The buyer was a local development group.
“Downtown Fort Worth continues to attract strong interest from investors and developers due to its favorable zoning, growing demographics and pro-business environment,” Santelli added. “This sale highlights both the momentum in the area and our team’s continued success in closing strategic opportunities. We look forward to seeing the site reimagined as a boutique hospitality concept.”
Located on 0.12 acres at 827 Houston St., One Century Plaza is a five-story, mixed-use building with basement space and access to dedicated parking spaces in a nearby garage. Positioned along a high-visibility corridor, the property is surrounded by more than $2.5 billion in new development and is within walking distance of major destinations including Sundance Square, the Fort Worth Convention Center, Texas A&M’s new law school campus and Deco 969.
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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.
