Marcus & Millichap Inc.
01/08/2026 | Press release | Distributed by Public on 01/08/2026 16:56
Marcus & Millichap Arranges Sale of 18-Suite Office Strip Center in Granbury, Texas
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Marcus & Millichap Arranges Sale of 18-Suite Office Strip Center in Granbury, Texas
January 08, 2026
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GRANBURY, Texas, Jan. 8, 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 Pecan Reserve Business Center, two multi-tenant office buildings in Granbury, Texas.
"Granbury's property market is evolving from a post-boom surge into a more balanced, sustainable phase," said Philip Levy, executive managing director. "Demand for retail medical flex space remains moderately strong and continues to trend upward, supported by steady population growth and increased healthcare utilization in the area."
Levy, investment specialist in Marcus & Millichap's Dallas office, had the exclusive listing to market the property on behalf of the seller.
Situated on 2.92 acres at 1315 Waters Edge Drive, Pecan Reserve Business Center consists of two multi-tenant office buildings totaling 30,000 square feet. Built in 2006, the property includes 18 suites and is occupied by a diverse mix of tenants, including medical providers, government agencies and professional offices. The center sits just south of U.S. Highway 377, surrounded by national retailers such as Lowe's, Walmart and Starbucks.
"Granbury's property market is evolving from a post-boom surge into a more balanced, sustainable phase," said Philip Levy, executive managing director. "Demand for retail medical flex space remains moderately strong and continues to trend upward, supported by steady population growth and increased healthcare utilization in the area."
Levy, investment specialist in Marcus & Millichap's Dallas office, had the exclusive listing to market the property on behalf of the seller.
Situated on 2.92 acres at 1315 Waters Edge Drive, Pecan Reserve Business Center consists of two multi-tenant office buildings totaling 30,000 square feet. Built in 2006, the property includes 18 suites and is occupied by a diverse mix of tenants, including medical providers, government agencies and professional offices. The center sits just south of U.S. Highway 377, surrounded by national retailers such as Lowe's, Walmart and Starbucks.
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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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