SOLD – FM 529 & Katy Hockley Cut Off

September 30, 2021
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Reed Vestal, SIOR, CCIM and John Erck, CCIM of Junction and  Taylor Schmidt, SIOR, CCIM with Lee & Associates – Houston brokered the sale of ± 33.69 acres of land at the corner of FM 529 and Katy Hockley Cut Off Road in Katy, Texas. The tract is approximately 2.50 miles west of the intersection of Grand Parkway (99) and Farm-to-Market 529. The sale of this site concludes the disposition of an overall ± 73.80 acre tract listed by Vestal, Erck and Schmidt.

The site is situated in an area of high growth, surrounded by new industrial, retail and residential developments, most notably Elyson, Newland’s 3,600 acre master planned community and FedEx’s 800,000-square-foot distribution center.

The new owners of the ± 33.69 acre tract have not yet disclosed future plans for the site.

ABOUT JUNCTION COMMERCIAL REAL ESTATE

Junction Commercial Real Estate is a Houston-based, full-service commercial real estate firm providing expertise in development, investment management, construction management, and brokerage. With more than 110 years of combined experience, the Junction team has completed billions of dollars in commercial real estate transactions and projects across the United States and internationally. Junction combines an entrepreneurial approach with deep market knowledge and disciplined execution to create value for clients, investors, and stakeholders. The firm’s integrated capabilities span the full real estate lifecycle, from acquisition and development through construction management, asset management, disposition, and brokerage. For more information, visit JunctionUSA.com.

 

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