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

1800 North Mason Road
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This Industrial property located in TX was sold for $190,000,000 almost 2 years ago. The broker of the deal was Ken Hedrick

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.

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Deals
  • Location
    1800 Mason Road, Katy, Texas 77449, United States1800 Mason Road, Katy, Texas 77449, United States
  • Sale Price
    $190,000,000$190,000,000
    $126 PPSF$126 PPSF
  • Area
    1,500,000 SF1,500,000 SF
  • Asset Type
    IndustrialIndustrial
  • Parties
    1 Broker, 1 Agency, 1 Lender1 Broker, 1 Agency, 1 Lender

Agent

Ken Hedrick

Ken Hedrick

Deals3
Sold$837M

Agency

Newmark

Newmark

Agency
Deals3894
Volume$397.4B

Athene

Athene

Lender
Deals10
Volume$ 59.9B

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Deal Summary

SALE IMAGE: Ken Hedrick DATE: 04/21/2022 ADDRESS: 1800 N. Mason Road MARKET: Katy ASSET TYPE: Industrial BUYER: Mirae Asset Global Investments (@MiraeAssetGlobalInvestments) SELLER: Tratt Properties (@TrattProperties) BROKER: Ken Hedrick - Newmark (@Newmark) LENDER: Athene Annuity & Life Assurance Co. SALE PRICE: $190,000,000 SF: 1,500,000 ~ PPSF: $127

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1800 North Mason Road

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