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Financial services

Marcus & Millichap Arranges Sale of 10-Suite Retail Property in Pflugerville, Texas

Strategic Insights

— 1 min read

Marcus & Millichap, a leading commercial real estate brokerage firm, has announced the sale of Windermere Drive Retail Center, a 10-suite shopping center in Pflugerville, Texas. The transaction highlights the continued strength of the Austin retail market, attracting strong interest from out-of-state investors. The property, located at 15806 Windermere Dr., features a mix of service-oriented businesses, including Valery Hair & Nails, Los Amigos Meat Market, and Iglesia El Shaddai Church. Marcus & Millichap's Austin office, led by Coleman Solomon, Philip Levy, and Doug Diffie, exclusively represented the seller, Ridge Hill Investments, and successfully procured the buyer, a New York-based investment group.

Key Takeaways:

  • The sale of Windermere Drive Retail Center demonstrates the continued strength of the Austin retail market, attracting strong interest from out-of-state investors.
  • The property, a 34,311-square-foot shopping center, is located at the intersection of Windermere Drive and W. Pecan Street, receiving visibility from over 34,800 vehicles per day.
  • Marcus & Millichap's Austin office, led by Coleman Solomon, Philip Levy, and Doug Diffie, exclusively represented the seller, Ridge Hill Investments, and successfully procured the buyer, a New York-based investment group.
  • Windermere Drive Retail Center features a mix of service-oriented businesses, including Valery Hair & Nails, Los Amigos Meat Market, and Iglesia El Shaddai Church.
  • The property was built in 2004 and renovated in 2013, spanning 4.09 acres and including four buildings.
  • Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion.

Statistics:

  • 34,311 square feet
  • 10 suites
  • 4.09 acres
  • 4 buildings
  • 34,800 vehicles per day
  • $49.6 billion in sales volume in 2024
  • 7,836 transactions in 2024

Sources:

  • Marcus & Millichap
  • Windermere Drive Retail Center
  • Ridge Hill Investments
  • Coleman Solomon
  • Philip Levy
  • Doug Diffie
  • Pflugerville, Texas
  • Marcus & Millichap, Inc. (NYSE: MMI)

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