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| Davis Adams |
HOUSTON, TX – HFF announced today that it has been named to
market for sale a 95-acre tract of land at the intersection of Interstate 10
and Pin Oak Road in Katy, Texas.
HFF
is marketing the site on behalf of the owner, TRISTAR Holdings, a Houston-based
investor that has owned the site for approximately 15 years.
The
site has roughly 3,500 feet of frontage along the north side of Interstate 10,
on both sides of Pin Oak Road, and additional frontage on U.S. Highway 90.
“The
site is located on the only S curve on Interstate 10 between Houston and Katy,
making it one of the most visible sites on the western side of the Energy
Corridor,” said HFF Managing Director Davis Adams. “Situated at the gateway to Katy, it would
be ideal for a large, high-end, mixed-use development that would likely include
retail, office, medical, hotel and industrial.”
“The
Katy area, with its highly acclaimed school district and large employment base, is one of the fastest growing suburban
markets in the greater Houston area as well as one of the fastest growing
markets in the United States in terms of commercial, single-family and
multi-housing development,” added Adams.
“This site has never before been available for sale and we expect it to
generate tremendous interest given its location and development potential.”
Contact:
Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com
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