Marcus & Millichap Arranges Sale of 30,766-Square-Foot Retail Strip Property in Conroe, Texas

CONROE, Texas, Oct. 14, 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 Resource Place Shopping Center, a 30,766-square-foot retail property in Conroe, Texas.

"The buyer saw long-term value in acquiring both the retail center and the additional 3.25 acres of undeveloped land behind it," said Alex Wolansky, managing director investments. "While there are no immediate development plans, the property is well-positioned to benefit from the continued growth in Conroe, particularly west of Interstate 45."

Wolansky and Gus Lagos, investment specialists in Marcus & Millichap's Houston office, had the exclusive listing to market the property on behalf of the seller, a family estate, and procured the buyer, a Texas-based investor.

Located at 3500 W. Davis St., Resource Place Shopping Center includes 13 suites with a mix of service-based tenants, including PNC Bank. The 7.4-acre property is in a high-growth Conroe submarket, benefiting from its proximity to Interstate 45 and a nearby H-E-B grocery store.

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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.