Phillips Edison & Company Acquires Firethorne Plaza Retail Center In Katy Texas For An Undisclosed Amount
2731 Fm 1463
Building Size
29,986 SF
Asset Type
—
Closing
May 18, 2026
About this deal
AI
Firethorne Plaza is a fully leased retail center comprising 29,986 square feet, located at 2731 FM 1463 in Katy, Texas. The retail asset is situated at the entrance of the Firethorne master-planned community.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Buyer: Jeffrey S. Edison - Phillips Edison & Company
- Seller's Brokers: Ryan West & John Indelli - JLL
- Date of Transaction: 05/18/2026
JLL Capital Markets facilitated the transaction, representing the seller in the sale of Firethorne Plaza. This acquisition by Phillips Edison & Company highlights their expansion in the retail sector, with JLL's Ryan West and John Indelli instrumental in negotiating the deal.
Players
Market CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93