Feb 10

Baker Katz Acquires 20,000 SF Retail Building in Metro Houston, Plans Repositioning

FRIENDSWOOD, TEXAS — Locally based brokerage and investment firm Baker Katz has acquired a 20,000- square-foot freestanding retail building in Friendswood, a southeastern suburb of Houston, with plans to reposition the asset. According to LoopNet Inc., the building at 18980 Gulf Freeway was originally built in 1980 as a pad structure for Baybrook Mall. Ben Brown negotiated the purchase for Baker Katz on an internal basis. The seller and sales price were not disclosed.

By Taylor Williams
RE Business Online