X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Talks are under way to finalize contracts for the balance of a 350,000-sf retail center that has been three years in the making in Katy, confirms the leasing agent for Boyd Page/ChainLinks.

Dean Lane, leasing agent for Price Shopping Center, told GlobeSt.com he expects to have a signed lease for a major electronics store in about a week while plans are afoot to close in October on a 12-acre sale to a wholesale club. The identities of the new retailers are being withheld pending signed contracts. The project, developed by Kimco Realty Corp., will be capped with fourth-quarter construction starts for the new retailers. The electronics store tentatively is set to open in the spring and the wholesale club in the summer.

Meanwhile, 40,000 sf to will deliver in October, taking the retail operations to nine. The 44-acre development, located at the northeast corner of Fry Rd. and Interstate 10 west, is anchored by a 112,000-sf Home Depot, which opened two years ago. Spring was marked by openings of Ross Dress for Less, Linen ‘N Things and Babies R Us. October openings are set for Party City, Aaron Brothers Frame Shop, Bennigan’s Restaurant, The Avenue and Lifeway Christian Bookstore.

Katy is situated in Ft. Bend County, one of the top five fastest-growing areas in the country, says Lane. “We’re finally seeing the fruits of our tough, tough sweat equity that we put into this deal,” assesses Lane.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.