Nov
14
PGIM Acquires 400KSF Houston Mixed-Use Asset
ByLaCenterra at Cinco Ranch recently changed hands. Executive Director Mark Seedorff at PGIM Real Estate’s South Region Transactions arranged the deal.
PGIM Real Estate—part of Prudential Financial Inc.—has purchased a 412,900-square-foot mixed-use retail center in Katy, Texas, for an undisclosed sum. The property emcompasses 273,522 square feet of Class A retail space and 139,378 square feet of Class A office space. LaCenterra at Cinco Ranch is a 34-acre regional retail center located on the 8,100-acre Cinco Ranch master planned community. According to PGIM, the retail space was 93 percent occupied, while the office space was 89 percent occupied at the time of the sale…
