HOUSTON--Austin-based multifamily developer Oden Hughes has sold the 354-unit Parkside Grand Parkway community located in Katy to EGI International Corp.

Completed in 2014, the 14-acre property is located at the southwest corner of Katy Fort Bend Road and Grand Parkway near Interstate 10, within the boundaries of the Katy Independent School District.

The one-, two- and three-bedroom units range from 625 to 1,400 square feet.

“This is a great community in a highly visible location that is conveniently located near one of Houston's biggest job centers,” says Oden Hughes vice president of development Tim Shaughnessy. “The investment market for high-quality multifamily properties in Houston remains strong, and we are pleased with the sale.”

ARA A Newmark Co. executive managing director David Mitchell represented Oden Hughes in the transaction.

Developed in partnership with Desarrollos Delta of Monterrey, Mexico, Parkside Grand Parkway was the first Houston-area development for Oden Hughes.

The company recently completed the 384-unit Parkside Place apartments at the northwest corner of FM 2920 and Kuykendahl Road, four miles west of the ExxonMobil Corp. campus.

Oden Hughes' third Houston-area project, the 342-unit Parkside Bella Terra apartments in the upscale Lakes of Bella Terra master-planned community, is currently under construction just south of Katy and will be completed later this year.