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HOUSTON-Indianapolis-based Simon Development Co. has sold two acres at the proposed West Houston Mall. Global Millennium, a Houston-based developer of service stations and fast-food restaurants has picked up the property at the corner of Colonial and Grand parkways.

Sassy Stanton, retail specialist for Insignia/ESG, represented Simon Development Co. Stanton tells GlobeSt.com that Simon has owned the property for about five years. “This sale is indicative of the major residential growth in west Houston surrounding Cinco Ranch,” she says. “The area is ready for the West Houston Mall, which will break ground with a Foley’s store in 2002.”

Insignia/ESG is the representative for all of the land surrounding the mall project positioned at the intersection of Interstate 10 and Grand Parkway. Steve Mahood with Moody Rambin Interests negotiated for Global Millennium.

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