GERMANTOWN, Tenn., Aug. 25, 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 The Conrad Pearson Clinic, a 33,777-square-foot medical office building in Germantown, Tennessee. The property sold for $24.5 million.
“The building was designed and constructed by the Conrad Pearson Clinic to accommodate their specific needs and provide a streamlined connection between their clinical and surgical practices,” said Spencer Koch, senior director investments with Marcus & Millichap. “The Koch Biuso Group of Marcus & Millichap continues to build on its success with physician clients, delivering trusted guidance and tailored solutions that help physicians achieve their financial and professional goals.” Koch and Chris Biuso of Marcus & Millichap, in association with Jody McKibben, Marcus & Millichap’s broker of record in Tennessee, represented the seller and procured the buyer. “With 88,725 employeesand 13% of the region’s workforce, healthcare and life sciences are one of the largest industry clusters in Greater Memphis,” said Biuso.
Built in 2002, the building is on Wolf Park Drive, just off Wolf River Road, which sees over 29,000 vehicles per day. U.S. Route 72, Interstate 240, and Interstate 55 are nearby, and Downtown Memphis is within a short drive. The Methodist Le Bonheur Germantown Hospital, one of the area’s largest employers is close by, and Saint Francis Medical Partners Germantown, and Baptist Memorial Rehabilitation Hospital are in the immediate area.
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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. Marcus & Millichap closed 8,818 transactions with a sales volume of $50.8 billionin 2025. The company had 1,808 investment sales and financing professionals in more than 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate at year end. For additional information, please visit www.MarcusMillichap.com.
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