Press Releases
Marcus & Millichap Arranges Sale of a Shopping Center in La Porte, Texas
June 25, 2026
LA PORTE, Texas, June 25, 2026 — 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 La Porte Plaza, a 20,477-square-foot multi-tenant retail property.
“After just 10 days on the market, the property attracted multiple competitive offers from local, out-of-state and international investors,” said Justin Miller, senior managing director investments. “La Porte Plaza’s location along State Highway 146 and proximity to the Port of Houston have helped establish a strong tenant base and continue to drive investor interest in the submarket.”
Miller, investment specialist in Marcus & Millichap’s Houston office, exclusively marketed the property on behalf of the seller, an out-of-state investor, and procured the buyer, a local investor completing a 1031 exchange.
La Porte Plaza is located at 112 TX-146. Built in 2014 on 2.3 acres, the retail center is leased on a triple-net basis, providing tenants responsibility for common area maintenance, insurance and property taxes. Dollar Tree serves as the anchor tenant and recently extended its lease. The buyer was attracted to the property’s stable cash flow, below-market in-place rents and potential for future rental growth.
“After just 10 days on the market, the property attracted multiple competitive offers from local, out-of-state and international investors,” said Justin Miller, senior managing director investments. “La Porte Plaza’s location along State Highway 146 and proximity to the Port of Houston have helped establish a strong tenant base and continue to drive investor interest in the submarket.”
Miller, investment specialist in Marcus & Millichap’s Houston office, exclusively marketed the property on behalf of the seller, an out-of-state investor, and procured the buyer, a local investor completing a 1031 exchange.
La Porte Plaza is located at 112 TX-146. Built in 2014 on 2.3 acres, the retail center is leased on a triple-net basis, providing tenants responsibility for common area maintenance, insurance and property taxes. Dollar Tree serves as the anchor tenant and recently extended its lease. The buyer was attracted to the property’s stable cash flow, below-market in-place rents and potential for future rental growth.
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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, 2025, the company had 1,808 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
