Press Releases
Marcus & Millichap Brokers Sale of Retail Center in Grenada, Mississippi
July 08, 2026
GRENADA, Miss., July 8, 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 Riverbirch Plaza, a fully-occupied retail center in Grenada, Mississippi.
“This transaction was a win for all parties involved,” said Mickey Davis, director investments at Marcus & Millichap. “The seller is exiting Grenada in an effort to deploy capital into other markets. Action Properties has owned this shopping center for over 12 years. This presented an opportunity for a local buyer to acquire a successful shopping center in Grenada and add to their portfolio.”
Mickey Davis, the firm's broker of record in Mississippi, and Chris Leppanen and Davis Owen of Marcus & Millichap exclusively marketed the property on behalf of the seller, Action Properties. Davis also procured the buyer, Delta Farms, LLC.
Located at 1201-1231 Sunset Drive, Riverbirch Plaza sits on 9.5 acres and was built in 1976. The 99,097-square-foot property has 11 suites occupied by a diverse mix of tenants and is anchored by a Harbor Freight. Other tenants include Dollar General, UPS, a fitness center and other service-oriented businesses. The property also offers the potential to add an outparcel.
Riverbirch Plaza is close to other retailers and restaurants, Grenada Lake, Hugh White State Park and Grenada Municipal Airport. Grenada is situated along the Interstate 55 corridor and is home to Milwaukee Tool’s largest U.S. manufacturing facility and the emerging SouthPoint Business Park.
“This transaction was a win for all parties involved,” said Mickey Davis, director investments at Marcus & Millichap. “The seller is exiting Grenada in an effort to deploy capital into other markets. Action Properties has owned this shopping center for over 12 years. This presented an opportunity for a local buyer to acquire a successful shopping center in Grenada and add to their portfolio.”
Mickey Davis, the firm's broker of record in Mississippi, and Chris Leppanen and Davis Owen of Marcus & Millichap exclusively marketed the property on behalf of the seller, Action Properties. Davis also procured the buyer, Delta Farms, LLC.
Located at 1201-1231 Sunset Drive, Riverbirch Plaza sits on 9.5 acres and was built in 1976. The 99,097-square-foot property has 11 suites occupied by a diverse mix of tenants and is anchored by a Harbor Freight. Other tenants include Dollar General, UPS, a fitness center and other service-oriented businesses. The property also offers the potential to add an outparcel.
Riverbirch Plaza is close to other retailers and restaurants, Grenada Lake, Hugh White State Park and Grenada Municipal Airport. Grenada is situated along the Interstate 55 corridor and is home to Milwaukee Tool’s largest U.S. manufacturing facility and the emerging SouthPoint Business Park.
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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.
