Press Releases
Marcus & Millichap Arranges Sale of a Shopping Center in Katy, Texas
June 29, 2026
KATY, Texas, June 26, 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 The Shops at Katy Trails, a 10,675-square-foot multi-tenant retail property.
“Like many retail properties in Houston’s growing western suburbs, this offering generated significant investor interest immediately after hitting the market,” said Justin Miller, senior managing director investments. “Katy continues to attract substantial residential growth, which supports retail sales and drives demand for well-located shopping centers.”
Miller and Ben Weaver, investment specialists in Marcus & Millichap’s Houston office, exclusively marketed the property on behalf of the seller, a local developer. The buyer is a local investor who completed a 1031 exchange.
The Shops at Katy Trails is located at 23053 Clay Rd. Built in 2019 on 1.26 acres, the retail center features a mix of national, service-oriented and daily-needs tenants. Tenants include Tropical Smoothie Café, Leslie’s Pool Supplies and a variety of medical, food and neighborhood retail users. The property attracted multiple competitive offers within its first week on the market, with the seller selecting a buyer shortly thereafter.
“Like many retail properties in Houston’s growing western suburbs, this offering generated significant investor interest immediately after hitting the market,” said Justin Miller, senior managing director investments. “Katy continues to attract substantial residential growth, which supports retail sales and drives demand for well-located shopping centers.”
Miller and Ben Weaver, investment specialists in Marcus & Millichap’s Houston office, exclusively marketed the property on behalf of the seller, a local developer. The buyer is a local investor who completed a 1031 exchange.
The Shops at Katy Trails is located at 23053 Clay Rd. Built in 2019 on 1.26 acres, the retail center features a mix of national, service-oriented and daily-needs tenants. Tenants include Tropical Smoothie Café, Leslie’s Pool Supplies and a variety of medical, food and neighborhood retail users. The property attracted multiple competitive offers within its first week on the market, with the seller selecting a buyer shortly thereafter.
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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.
