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James M. Taylor Jr. Of Brixmor Property Group Acquires LaCenterra Lifestyle Center From Cathy Marcus For $223M

Property Image
SOLD
$223,000,000

Texas

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Retail409,000 SF
Sold 07/29/2025
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Property Image
SOLD

James M. Taylor Jr. Of Brixmor Property Group Acquires LaCenterra Lifestyle Center From Cathy Marcus For $223M

23501 Cinco Ranch Boulevard

See Similar Deals
Retail409,000 SF
Sold 07/29/2025
the dealplayerscompscontact
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Summary

TEXAS
Asset Type:Retail
Price Per Square Foot:$545
Total Square Footage:409,000 SF
Transaction Type:Sale

The asset involved in this transaction is a retail property located at 23501 Cinco Ranch Boulevard in Katy, Texas. The property, known as LaCenterra, encompasses 409,000 square feet and was sold for a total price of $223,000,000, translating to a price per square foot of $545.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $223,000,000
  • Square Footage: 409,000
  • Address: 23501 Cinco Ranch Boulevard
  • Market: Katy
  • Buyer: James M. Taylor Jr. - Brixmor Property Group
  • Seller: Cathy Marcus - PGIM

James M. Taylor Jr. represents Brixmor Property Group, the buyer of the property, whereas Cathy Marcus represents PGIM, the seller. PGIM is noted to be representing institutional investors, and this particular retail center was originally developed by Vista Equities and Amstar Group.

Players

BG
Brixmor Property Group
BUYER
BG
Brixmor Property Group
BUYER
PGIM
PGIM
SELLER

Details

SOLD
IMAGE: James M. Taylor Jr. & Cathy Marcus DATE: 07/29/2025 ADDRESS: 23501 Cinco Ranch Boulevard MARKET: Katy ASSET TYPE: Retail BUYER: James M. Taylor Jr. - Brixmor Property Group (@BrixmorPropertyGroup) SELLER: Cathy Marcus - PGIM (@PGIM) SALE PRICE: $223,000,000 SF: 409,000 ~ PPSF: $545 NOTE: Brixmor Property Group acquired the 409,000-square-foot LaCenterra lifestyle center in Katy’s Cinco Ranch for $223M. PGIM Real Estate, representing institutional investors, was the seller, with Vista Equities and Amstar Group as the original developers.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$792,271.91
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