KATY, TX-CBRE's National Retail Investment Group brokered the sale of Highland Knolls Shopping Center to Denver-based Revesco Properties. The 87,469-square-foot, grocery-anchored shopping center is 94.6% occupied.
The center is anchored by a 62,389-square-foot Randall's, which has more than 11 years remaining on its lease term and has occupied the property since it was developed in 1999. Randall's represents 71% of the property's total gross leasable area for a 70/30 anchor-to-shop space ratio.
The property is located at 1525 South Mason Road, in Katy, within the affluent and high-growth residential area of Cinco Ranch.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
