A commercial retail property in Prosper has changed ownership, according to an announcement from Marcus & Millichap. The transaction involves the Prosper Center, a 9,767-square-foot facility located at 2810 W. First St. The property was sold by a private seller to a private investor. Financial details of the deal were not made public.
Prosper is situated approximately 9 miles northeast of Little Elm. The property sits on 1.16 acres and was constructed in 2020. It consists of four separate suites. At the time of the sale, the building was nearly 65 percent occupied. All existing leases are structured on triple-net terms.
Current tenants include Parkview Dental, Peak Physical Therapy, and Best Brains Learning Center. Medical businesses account for nearly half of the total occupied space. The buyer intends to lease the remaining vacant units. The goal is to increase occupancy levels and raise rental rates to enhance the property's value.
Philip Levy, executive managing director of investments at Marcus & Millichap, stated that the location attracted interest because it is in one of the fastest-growing and most affluent areas in North Texas. He noted that the site benefits from strong residential development, expanding infrastructure, and proximity to major regional destinations. These include the PGA of America headquarters, the Omni PGA Resort, and the future Universal Kids Resort.
Levy, along with investment specialists Joseph Jaques, Ron Hebert, and Alyssa DiFilippo from the Dallas office, exclusively marketed the property for the seller. Levy, Jaques, and Hebert also identified and secured the buyer.
