CBRE brokers retail center sale in Katy, Texas

KATY, Texas — CBRE’s National Retail Investment Group has closed on the sale of Highland Knolls Shopping Center in Katy, Texas, to Revesco Properties. The 87,469-sq.-ft. grocery-anchored shopping center is 94.6% occupied.

A 62,389-sq.-ft. Randall’s has anchored the center since it opened in 1999 and has 11 years remaining on its lease. Randall’s represents 71% of the property’s total gross leasable area for a 70:30 anchor-to-shop space ratio.

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