Marcus & Millichap Closes Broward County Retail Center Sale

DAVIE, Fla., Oct. 2, 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 Davie Square, a 106,516-square-foot, 30-suite, neighborhood retail center in Davie, Florida. The property sold for $25,550,000.

"Davie Square is a 99%-occupied, high-performing retail center located along one of Broward County's most heavily trafficked retail corridors in a dynamic location," said Drew A. Kristol, senior managing director investments in Marcus & Millichap's Miami office. Kristol and Kirk D. Olson, also senior managing director investments, both represented the seller, Davie Square LLC, a South Florida private investment group, and they procured the buyer, Perkins Realty Management LLC.

Built on 14 acres in 1998, Davie Square is located at 5503 S University Drive/Florida State Road 817, near Florida State Road 848/Stirling Road. Walmart, Target, and Home Depot are nearby. The tenant roster includes Memorial Healthcare System, Apna Bazar, Crayons Christian School, and Beyond Billiards.

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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.