Monday, November 10, 2014

HFF closes sale of Mason Village Shopping Center in Katy, TX


Mason Village Shopping Center, 21945 Katy Freeway
 Katy, TX

HOUSTON, TX – HFF announced it has closed the sale of Mason Village Shopping Center, a 97,405-square-foot retail center in the western Houston suburb of Katy, Texas.

               HFF marketed the property on behalf of a private Houston owner.  DNA Partners purchased the asset free and clear of existing debt.

               Mason Village Shopping Center sits on approximately 9.5 acres at 21945 Katy Freeway at the southwest quadrant of Mason Road and Interstate 10, approximately 24 miles west of downtown Houston. 

The 99 Cents Store-anchored center is 94 percent leased to 17 tenants, including Harbor Freight Tools, Jason’s Deli, Freebirds, Huntington Learning Center, Just for Feet and Jiffy Lube.

Ryan West
               The HFF investment sales team representing the seller was led by managing director Ryan West.

               “Mason Village presented an opportunity for somebody to purchase a proven asset and quickly add value,” West said.  “The asset, until now, had been owned by the same family for nearly 30 years.  We were honored to handle the transaction for the seller and DNA was a great buyer.”   

DNA Partners acquires and manages commercial properties in select markets with strong demographics and economic drivers.  Since their inception in 2002, DNA has purchased more than 1.3 million square feet. 

Their criterion includes high growth markets, below market rents or expansion potential, strong sales, significant linear frontage for maximum visibility and reasonable potential for capital appreciation through management and leasing opportunities. 


For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com


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