HOUSTON (Realty News Report) – The Vista Companies acquired a parcel of land near the intersection of I-10 and Cane Island Parkway, in Katy for future development.
Vista’s development plans were not finalized at the time of acquisition, according to Brent Mann, Executive Vice President of Vista Equities Group. The area has strong growth potential and many major retail organizations have located large distribution and fulfillment centers nearby.
“With the Cane Island Parkway interchange providing immediate access to I-10, and with major companies such as Igloo, Med-Line, Rooms To Go, Amazon, and Bel Furniture located in, or in close proximity to West Ten, we feel the future development potential for this site is extremely good,” Brent Mann said.
Vista acquired a 6.9-acre tract in West Ten Business Park, a 470-acre master-planned business park.
The property was acquired from Parkside-Stratford/I-10, Ltd., with acquisition financing for the property provided by Anna Pawlik at Frost Bank and closing at Stewart Title Company.
Established in 1985, the Vista Companies is a Houston-based real estate services group specializing in real estate development, brokerage, leasing and property management. The company is comprised of Vista Equities Group, Vista Management Company and Vista Brokerage Services. Vista Equities focuses on the development of new properties and the acquisition of existing income-producing properties, while Vista Management provides leasing and property management services for third party owners and Vista’s own investment partnerships.