Katy Green II swaps hands in west HoustonKaty Green II swaps hands in west Houstonhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=129942016-04-28T05:00:00Z2016-04-28T19:00:00Z

​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
http://www.chron.com/business/real-estate/article/Katy-shopping-center-changes-hands-7333082.php#photo-9895780Read more at the {Source}

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