HOUSTON–HFF has announced that it has closed the sale of Mason Village Shopping Center, a 97,405-square-foot retail center in the western Houston suburb of Katy.
HFF marketed the property on behalf of a private Houston owner. DNA Partners purchased the asset free and clear of existing debt.
Reps with HFF were unable to return a request for additional details by press time.
Mason Village Shopping Center sits on approximately 9.5 acres at 21945 Katy Freeway at the southwest quadrant of Mason Road and Interstate 10, approximately 24 miles west of downtown Houston. The 99 Cents Store-anchored center is 94 percent leased to 17 tenants, including Harbor Freight Tools, Jason's Deli, Freebirds, Huntington Learning Center, Just for Feet and Jiffy Lube.
Managing director Ryan West led the HFF investment sales team representing the seller.
“Mason Village presented an opportunity for somebody to purchase a proven asset and quickly add value,” West said. “The asset, until now, had been owned by the same family for nearly 30 years. We were honored to handle the transaction for the seller and DNA was a great buyer.”
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