HOUSTON--Edifis Group, a Houston-based real estate development and acquisition company with a focus on developing assets in the retail marketplace, has completed two shopping centers in the new Grand Crossing development located on I-10 and the Grand Parkway in Katy.
The centers, situated next to a new Costco, span 20,000 square feet, have been completed and well leased at 100 percent and 85 percent occupancy respectively.
"The area is home to more than 370,000 people in the surrounding master-planned communities with an expected 12 percent increase in the next five years," Josh Aruh, founder of Edifis Group, told GlobeSt.com. "The rapidly growing area coupled with the high visibility of the centers allowed us to lease very quickly."
The centers recently signed T-Mobile, Mattress Firm, American Dental, Sleep Number and Mattress Pro in the development, and nearby the Energy Corridor and master-planned communities such as Cinco Ranch, Kelliwood and Great Lakes.
Edifis Group acquired the properties in December 2014.
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