Wednesday, October 10, 2012

HFF named to market for sale 95-acre tract of land along Interstate 10 in Katy, TX




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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