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KINGWOOD – Dhanani Private Equity Group has acquired Kingwood Commons, a retail center at Kingwood Dr. and Loop 494, from Kite Realty Group Trust.

The 165,000-sf property sits on 17 acres. It is currently 55 percent vacant. Tenants include Pei Wei, Carrabba’s, Pizza Hut, Petco, Massage Envy, Talbots and Jos. A. Bank.

CBRE represented Dhanani in the transaction.​