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HOUSTON-A limited liability company from Southern California hasobtained the 85,729-sf, 98%-leased Westgate Shopping Center forclose to the $22.16-million list. The new buyer in town, getting a7% cap rate on its first deal, is eyeing other investmentopportunities in the region.

"The buyer is offering on some of our other listings currently,but nothing's been signed or accepted," says George Cushing, seniorvice president in Grubb & Ellis Co.'s Houston office. He saysRoyal Investors Group got the center at 19620 Katy Freeway becauseof its solid price, aggressive earnest money and timing. Cushingand Grubb & Ellis associate Wendy Vandeventer represented thelocal seller, Gulf Coast Commercial Group.

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