Press Releases
Marcus & Millichap Arranges Off-Market Sale of Fully Leased Granbury, Texas Shopping Center
September 10, 2026
GRANBURY, Texas, Sept. 10, 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 Granbury Lakeside Center, a 72,551-square-foot, fully leased shopping center.
“We remain positive on the market, particularly for well-located, stabilized retail assets,” said Philip Levy, executive managing director investments. “Limited new retail construction, healthy tenant demand and continued private-capital interest should support occupancy, rental growth and investment activity.”
Levy, an investment specialist in Marcus & Millichap's Dallas office, represented the seller, a private seller, and procured the buyer, a private buyer, in the off-market transaction.
The property is located at 1420 E. U.S. Highway 377. Built in 2019, the 72,551-square-foot shopping center is fully leased on triple-net terms to a mix of national and regional tenants, including HomeGoods, Ulta Beauty, Five Below, Cavender's and Aaron's. The property spans three adjacent parcels totaling 6.02 acres along Granbury's primary retail corridor and is near Walmart Supercenter, The Home Depot and H-E-B. The buyer plans to continue operating the property as a stabilized retail investment.
“We remain positive on the market, particularly for well-located, stabilized retail assets,” said Philip Levy, executive managing director investments. “Limited new retail construction, healthy tenant demand and continued private-capital interest should support occupancy, rental growth and investment activity.”
Levy, an investment specialist in Marcus & Millichap's Dallas office, represented the seller, a private seller, and procured the buyer, a private buyer, in the off-market transaction.
The property is located at 1420 E. U.S. Highway 377. Built in 2019, the 72,551-square-foot shopping center is fully leased on triple-net terms to a mix of national and regional tenants, including HomeGoods, Ulta Beauty, Five Below, Cavender's and Aaron's. The property spans three adjacent parcels totaling 6.02 acres along Granbury's primary retail corridor and is near Walmart Supercenter, The Home Depot and H-E-B. The buyer plans to continue operating the property as a stabilized retail investment.
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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.
