Katy: 112,000-SF Villagio at Cinco Ranch sold

KATY – The Villagio at Cinco Ranch, an 111,963-sf lifestyle shopping center on almost eight acres, has been sold. The center is located at 22764 Westheimer Pkwy. and was 89 percent occupied at the time sale.

Tenants include Italian restaurant 3 Olives, The Public House, Charter Title Company, Steeplechase Pediatric Center, Keller Williams and De Vero Salon & Day Spa.

An international buyer purchased the property from The Marcel Group. The center had a list price of $31,290,000.

Other major retail destinations in the immediate area include the recently constructed La Centerra at Cinco Ranch, a 34-acre Main Street-style mixed-use development.