HOUSTON, TX – Publically-traded REIT, CTO Realty Growth has acquired a 205,000-square-foot retail center in the Houston suburb of Katy, TX for $39.1M. The purchase price equates to $190 per-square-foot.
The multi-tenant property, Price Plaza Shopping Center, is 95% occupied and includes four single and multi-tenant outparcels. The asset is anchored by Best Buy, Ross Dress for Less, dd's Discounts and James Avery Artisan Jewelry, and is shadow-anchored by Home Depot, Sam's Club and Walmart.
The shopping center is situated on 23.2 acres of land along the Interstate 10 Katy Freeway, near Houston's Energy Corridor.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
