Categories for Property Acquisitions

Dec 25

Sharpstown moves toward change

Margaret Mitchell has lived in Sharpstown for nearly her whole life, watching in dismay as stores closed in the neighborhood’s main shopping center and the property slid into disrepair, despite efforts by owners to make the …

Dec 21

Baker Katz Purchases 850,000 SF Shopping Mall in Houston

HOUSTON — Houston-based retail firm Baker Katz has purchased PlazAmericas Mall, an 850,000-square-foot shopping destination in Houston. Formerly known as Sharpstown Mall, the property was built in 1961 and has undergone several renovations over the years. …

Dec 21

10 Must Reads for the CRE Industry Today (Dec 21, 2018)

Analysts worry the high amount of investment in self-storage properties may have outpaced demand for self-storage space, reports the Wall Street Journal. Forbes offers a 2019 real estate investment preview. These are among today’s must reads …

Dec 21

PlazAmericas Mall has a new owner, for the most part

Nancy Sarnoff reports in the Chronicle that the former Sharpstown Center, more recently known as PlazAmericas has been soldto Houston commercial real estate firm Baker Katz. Well, most of it has: The purchase, she writes “does not include any of …

Dec 21

Houston real estate developers acquire former Sharpstown mall

PlazAmericas, the former Sharpstown shopping center that has struggled to find its footing as regional malls have fallen out of shoppers’ favor, has a new owner that wants to turn around the property while maintaining the …

Dec 21

Houston real estate firm buys former Sharpstown Mall

Houston’s oldest enclosed mall has a new owner. Houston-based commercial real estate firm Baker Katz bought PlazAmericas Mall, formerly known as Sharpstown Mall and Sharpstown Center, from Philadelphia-based RAIT Financial Trust (OTCQB: RASF), according to a …

Oct 30

This Week’s Houston Deal Sheet

Amsterdam-based coworking company Spaces inked a 53K SF lease for the first three floors of Two Post Oak Central. This marks the second Spaces’ location in Houston, a market that is starting to pick up the pace …

Oct 16

This Week’s Houston Deal Sheet

Coming on the wave of an energy resurgence, one natural gas producer is expanding its footprint in Houston. BP Lower 48 inked a 91K SF lease at West Memorial Place at 15375 Memorial Drive in Houston. The company, wholly …

Oct 10

Baker Katz Completes Remodel, Sale of 52,744 SF Retail Center in Metro Houston

HUMBLE, TEXAS — Houston-based Baker Katz has completed the remodeling and sale of a 52,744-square-foot retail center in Humble, a northern suburb of Houston. The property is anchored by 24 Hour Fitness. Neal Wade of Baker …

Nov 10

Exclusive: New Washington Ave. redevelopment to include co-working space

A little over a year ago, two Houston-area developers scooped up an historic property on Washington Avenue with plans to renovate. Though the property’s vacant space hasn’t been leased yet, more details on the developers’ plans …

Jul 12

Baker Katz Acquires 22,000 SF Retail Property in Metro Houston

PASADENA, TEXAS — Houston-based retail brokerage firm Baker Katz has acquired a 22,000-square-foot retail asset located at the intersection of Fairmont Parkway and Beltway 8 in Pasadena. The property was 70 percent leased at the time …

Mar 23

Need For Restaurants Spurs Mall-Area Development Globe St.

Citing the need for added restaurant options, in addition to boasting a steady and consistent neighborhood activity pace for three decades, a site has been deemed a viable match for development. And, no 80-year-old trees will …

Mar 23

Houston brokerage closes on land at ‘dominant retail intersection’ Houston Business Journal

Houston-based Baker Katz LLC plans to bring more retail to southeast Houston, a bustling corner of the city that boasts one of the city’s most successful shopping malls. The brokerage recently closed on roughly two acres …