Press Releases
Marcus & Millichap Arranges Sale of Two-Building Mixed-Use Property in Spring, Texas
January 15, 2026
SPRING, Texas, 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 Cypresswood Crossing, two-building, mixed-use property located in Spring, Texas.
“This was a unique value-add opportunity involving a mixed-use retail and office asset in a growing submarket,” said Chris Gainey, senior managing director investments. “The buyer saw strong potential to stabilize the property through strategic lease-up, while benefiting from increasing demand and upward rental trends in the area.”
Gainey and Philip Levy, investment specialists in Marcus & Millichap’s Fort Worth and Dallas offices, had the exclusive listing to market the property on behalf of the seller, a Dallas-based private real estate investment firm. Levy and Scott Abeel procured the buyer, a Houston-based private equity firm.
Cypresswood Crossing is situated on 5.57 acres at 16000 and 16116 Stuebner Airline Road. The two adjacent buildings include a 90,818-square-foot multi-tenant property with both retail space and a multi-level office component, and a 16,367-square-foot single-story retail center. Notable tenants include Pet Supermarket, Goldfish Swim School and PJ’s Coffee. The buildings are located at the signalized intersection of Stuebner Airline Road and Cypresswood Drive and receive visibility from more than 45,585 vehicles per day.
“This was a unique value-add opportunity involving a mixed-use retail and office asset in a growing submarket,” said Chris Gainey, senior managing director investments. “The buyer saw strong potential to stabilize the property through strategic lease-up, while benefiting from increasing demand and upward rental trends in the area.”
Gainey and Philip Levy, investment specialists in Marcus & Millichap’s Fort Worth and Dallas offices, had the exclusive listing to market the property on behalf of the seller, a Dallas-based private real estate investment firm. Levy and Scott Abeel procured the buyer, a Houston-based private equity firm.
Cypresswood Crossing is situated on 5.57 acres at 16000 and 16116 Stuebner Airline Road. The two adjacent buildings include a 90,818-square-foot multi-tenant property with both retail space and a multi-level office component, and a 16,367-square-foot single-story retail center. Notable tenants include Pet Supermarket, Goldfish Swim School and PJ’s Coffee. The buildings are located at the signalized intersection of Stuebner Airline Road and Cypresswood Drive and receive visibility from more than 45,585 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.
