Mirae Asset Global Investments Acquires Industrial Property In Katy For $190M

An industrial property located at 1800 N. Mason Road in Katy, Texas has been sold for a price of $190,000,000. The property spans across 1,500,000 square feet, resulting in a price per square foot of $127. The transaction took place on April 21, 2022.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $190,000,000
• Address: 1800 N. Mason Road, Katy, Texas
• Square Footage: 1,500,000
• Price per Square Foot: $127

Mirae Asset Global Investments purchased the property from Tratt Properties. The deal was facilitated by Ken Hedrick from Newmark. The lending institution involved in the transaction was Athene Annuity & Life Assurance Co.