KATY – Chinese investor Xu Qing LLC has purchased nearly 1,600 acres west of the Grand Pkwy. and FM 529 for a master-planned residential development.
The property is zoned to Katy Independent School District.
McAllister Real Estate represented the seller, the entity NW Katy I, II, III, and IV. Re/Max United was the broker.
Xu Qing plans to hold the property and eventually develop it.
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