Longpoint Realty Partners Acquires Mason Village Shopping Center From DNA Partners In Katy

The Mason Village Shopping Center, a retail asset located at SWQ Katy Freeway & Mason Road in Katy, encompassing 96,486 square feet, has been sold. The shopping center is anchored by La Michoacan and includes tenants such as Harbor Freight and Jason’s Deli, demonstrating a value-add opportunity with rents averaging over 24% below market. Additionally, 14 of the 27 current leases are set to expire without fixed-rate options.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not specified
• Address: SWQ Katy Freeway & Mason Road
• Market: Katy
• Asset Size: 96,486 SF
• Buyer: Longpoint Realty Partners
• Seller: DNA Partners
• Brokers: Ryan West, John Indelli & Clay Anderson - JLL

This transaction involved the representation of the seller, DNA Partners, by brokers Ryan West, John Indelli, and Clay Anderson from JLL. The deal highlights the professional involvement of these brokers in facilitating the sale of the retail property.