Katy Green II swaps hands in west Houston | Katy Green II swaps hands in west Houston | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=12994 | 2016-04-28T05:00:00Z | 2016-04-28T19:00:00Z | HOUSTON - An affiliate of Wile Interests has sold the Katy Green II shopping center in west Houston. CH Retail/Acquisitions purchased the center, which is occupied by Verts Kebap, Snap Kitchen, Mattress One, Corner Bakery, Masala Wok and Smile Clinique. The center is at the southwest corner of I-10 and Greenhouse Rd. near the Energy Corridor.
Completed last year, the 19,600-sf center is part of Wile Interests' Katy Green mixed-use development. Among the other retail tenants are Potbelly Sandwich Shop,
Starbucks, Pure Smile and Smashburger. The development also has a 203,000-sf office building. Retail has been one of the strongest sectors of Houston commercial real estate. Retail vacancy is expected to stay flat at 5.6 percent in 2016, according to Marcus & Millichap's 2016 outlook report. Houston will lead the nation in new space delivered in 2016, with developers adding nearly 3.3 million sf of retail space to the local market.
| Houston Chronicle
| Houston-The Woodlands-Sugar Land
| Retail
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