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

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.