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Tag Archives: Katy

New 600,000-SF Center Addresses Retail Shortage in North Katy

KATY, Texas – The October opening of the initial grocery-anchored phase of 600,000-SF Grand Morton Town Center is addressing a shortage of retail in the northern part of Katy where there’s a lot residential growth, according to NewQuest Properties. “This area is a void for a lot of retailers. And, it’s all new growth, new roads, new homes and new ... Read More »

Spec Construction: Crane-Served Industrial Building Coming to West Side of Houston

HOUSTON – Vigavi West Ten has broken ground on a 22,500 SF speculative crane-ready industrial building at West Ten Industrial Park in Katy, west of Houston. “We have seen demand pick up for crane-ready buildings in West Houston,” says Luis Villarreal, managing prinicipal for Vigavi Realty. In 2015, the Parkside Capital, in partnership with Vigavi, purchased 35 acres for the ... Read More »

REIT Buys Medical Buildings in Katy for $40.4 Million

KATY, Texas – Physicians Realty Trust, a Milwaukee-based REIT, has acquired a medical office building adjacent to a Memorial Hermann facility in Katy for $40.4 million. Marcus & Millichap arranged the sale of the 108,066-square-foot, two-building, medical office portfolio anchored by a Memorial Hermann Rehabilitation Hospital and Ambulatory Surgery Center. Scott Niedergang and Gino Lollio, vice presidents investments and directors ... Read More »

Johnson Development Breaks Ground on 1,350-Acre Jordan Ranch West of Houston

  FULSHEAR, Texas – The Johnson Development Corp. has broken ground on its latest community, Jordan Ranch, on Houston’s west side. The 1,350-acre Fort Bend community is located one mile south of Interstate 10 near the Grand Parkway, giving residents easy access to the Energy Corridor and Katy. Approximately 2,800 homes are planned for Jordan Ranch, and nearly 500 homesites ... Read More »

A Profitable Prescription: Spec Medical Office Buildings

KATY, Texas – The practice of building speculative medical office buildings — without tenants signed up in advance — was put on hold during the recession when both developers and lenders were looking to cut their risks. But developers in certain markets around the nation  — Houston included — are breaking ground on new projects without having tenants lined up to ... Read More »

Austin Group Sells Its 354-Unit Project in Katy, Texas

KATY, Texas — Austin-based Oden Hughes LLC, sold the 354-unit Parkside Grand Parkway apartment community in Katy to EGI International Corp. Completed in 2014, the 14-acre property is just west of Houston, is at the southwest corner of Katy Fort Bend Road and Grand Parkway near Interstate 10. David Mitchell of ARA Newmark  represented Oden Hughes, which focuses on Texas markets, in the ... Read More »

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