Marcus & Millichap Inc.
08/11/2026 | Press release | Distributed by Public on 08/11/2026 16:28
Marcus & Millichap Arranges Sale of Baybury Square Shopping Center Portfolio in Richardson, Texas
Press Releases
Marcus & Millichap Arranges Sale of Baybury Square Shopping Center Portfolio in Richardson, Texas
August 11, 2026
LinkedIn Email App
RICHARDSON, Texas, Aug. 11, 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 Baybury Square Shopping Center, a 51,542-square-foot retail portfolio.
"This transaction highlights continued investor demand for well-located urban infill value-add retail assets in the Dallas-Fort Worth Metroplex," said Philip Levy, executive managing director investments. "Richardson remains one of the region's strongest infill submarkets, where buyers continue to pursue retail properties with opportunities to create value through active leasing, repositioning and long-term redevelopment."
Levy and Scott Abeel, investment specialists in Marcus & Millichap's Dallas office, exclusively marketed the property on behalf of the seller, an out-of-state private investor, and procured the buyer, a local real estate developer.
The property is located at 900 E. Belt Line Rd. Built in 1966, the portfolio includes two multi-tenant shopping centers and two freestanding buildings situated on 10.88 acres. At the time of sale, the property was approximately 64% occupied and offered opportunities to increase value through lease-up, lease restructuring and long-term redevelopment. The buyer plans to reposition the portfolio by leasing vacant space, enhancing the tenant mix and evaluating future redevelopment opportunities.
"This transaction highlights continued investor demand for well-located urban infill value-add retail assets in the Dallas-Fort Worth Metroplex," said Philip Levy, executive managing director investments. "Richardson remains one of the region's strongest infill submarkets, where buyers continue to pursue retail properties with opportunities to create value through active leasing, repositioning and long-term redevelopment."
Levy and Scott Abeel, investment specialists in Marcus & Millichap's Dallas office, exclusively marketed the property on behalf of the seller, an out-of-state private investor, and procured the buyer, a local real estate developer.
The property is located at 900 E. Belt Line Rd. Built in 1966, the portfolio includes two multi-tenant shopping centers and two freestanding buildings situated on 10.88 acres. At the time of sale, the property was approximately 64% occupied and offered opportunities to increase value through lease-up, lease restructuring and long-term redevelopment. The buyer plans to reposition the portfolio by leasing vacant space, enhancing the tenant mix and evaluating future redevelopment opportunities.
# # #
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 https://www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on August 11, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on August 11, 2026 at 22:28 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]