Marcus & Millichap Inc.
09/29/2025 | Press release | Distributed by Public on 09/29/2025 12:54
Marcus & Millichap Facilitates Sale of 25-Suite Retail Property in Dallas, Texas
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Marcus & Millichap Facilitates Sale of 25-Suite Retail Property in Dallas, Texas
September 29, 2025
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DALLAS, Texas, Sept. 29, 2025 - 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 Square 67, a 25-suite retail property in Dallas, Texas.
"This transaction drew strong interest due to the asset's scale, stable cash flow, and prime location in a densely populated part of Dallas," said Chris Gainey, senior managing director investments. "The buyer acquired the property as part of a 1031 exchange, recognizing both the long-term income stability and the upside potential through below-market rents and future pad site development."
Gainey and Philip Levy, investment specialists in Marcus & Millichap's Fort Worth office, had the exclusive listing to market the property on behalf of the seller and procured the buyer, both Houston-based private investment groups.
Square 67 is a 99% occupied, 17.08-acre property located at 2550 W. Red Bird Lane in a densely populated area of Dallas. Anchored by Fitness Connection and Family Dollar, the center features a diverse mix of service-based tenants. Built in 1973, the 183,253-square-foot retail property includes two single-tenant buildings leased to Dallas House of Flowers and William's Fried Chicken.
"This transaction drew strong interest due to the asset's scale, stable cash flow, and prime location in a densely populated part of Dallas," said Chris Gainey, senior managing director investments. "The buyer acquired the property as part of a 1031 exchange, recognizing both the long-term income stability and the upside potential through below-market rents and future pad site development."
Gainey and Philip Levy, investment specialists in Marcus & Millichap's Fort Worth office, had the exclusive listing to market the property on behalf of the seller and procured the buyer, both Houston-based private investment groups.
Square 67 is a 99% occupied, 17.08-acre property located at 2550 W. Red Bird Lane in a densely populated area of Dallas. Anchored by Fitness Connection and Family Dollar, the center features a diverse mix of service-based tenants. Built in 1973, the 183,253-square-foot retail property includes two single-tenant buildings leased to Dallas House of Flowers and William's Fried Chicken.
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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, 2024, the company had 1,712 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 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit https://www.MarcusMillichap.com.
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