Press Releases
Marcus & Millichap Facilitates Sale of The Market at City Park in Houston, Texas
June 29, 2026
HOUSTON, 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 Market at City Park, an 8,024-square-foot multi-tenant retail property.
“This transaction presented a rare opportunity to acquire a newly constructed retail center in a growing infill corridor of Houston,” said Chris Gainey, senior managing director investments. “The combination of a grocery-shadow anchor, strong demographics and a tenant roster consisting of mostly national tenants made the property highly attractive to investors seeking long-term growth.”
Gainey and Philip Levy, investment specialists in Marcus & Millichap’s Fort Worth & Dallas offices, exclusively marketed the property on behalf of the seller, Read King Commercial Real Estate, a leading Houston-based commercial development and services firm. They completed the sale to an out-of-state private investor completing a 1031-exchange. The buyer acquired the property in an all-cash transaction and closed escrow in fewer than 40 days.
The Market at City Park is located at 11710 South Fwy. Built in 2024 on almost 1.5 acres, the four-suite retail center is fully leased to a mix of national and service-oriented tenants, including Chipotle, Marble Slab Creamery & Great American Cookies, The UPS Store and TLN Family Dental. All leases are structured on a triple-net basis. The property is shadow-anchored by a new Joe V’s Smart Shop grocery store, an H-E-B brand, and features contemporary architecture, a drive-through lane and an outdoor patio serving the Chipotle end-cap space.
“This transaction presented a rare opportunity to acquire a newly constructed retail center in a growing infill corridor of Houston,” said Chris Gainey, senior managing director investments. “The combination of a grocery-shadow anchor, strong demographics and a tenant roster consisting of mostly national tenants made the property highly attractive to investors seeking long-term growth.”
Gainey and Philip Levy, investment specialists in Marcus & Millichap’s Fort Worth & Dallas offices, exclusively marketed the property on behalf of the seller, Read King Commercial Real Estate, a leading Houston-based commercial development and services firm. They completed the sale to an out-of-state private investor completing a 1031-exchange. The buyer acquired the property in an all-cash transaction and closed escrow in fewer than 40 days.
The Market at City Park is located at 11710 South Fwy. Built in 2024 on almost 1.5 acres, the four-suite retail center is fully leased to a mix of national and service-oriented tenants, including Chipotle, Marble Slab Creamery & Great American Cookies, The UPS Store and TLN Family Dental. All leases are structured on a triple-net basis. The property is shadow-anchored by a new Joe V’s Smart Shop grocery store, an H-E-B brand, and features contemporary architecture, a drive-through lane and an outdoor patio serving the Chipotle end-cap space.
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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.
