Cinco Ranch Retail Center Trades for $223M

Brixmor Property Group paid $223 million for a 409,000-square-foot lifestyle center in Katy.

The Houston Business Journal reports LaCenterra, located in the Cinco Ranch master-planned community, is home to Trader Joe’s, Athleta, a small-format Ikea, Lovesac, Lululemon, Sephora, Warby Parker, Ambriza Social Mexican Kitchen, Cava, Grimaldi’s Coal Brick-Oven Pizza, Postino and several other tenants. It attracts over 5 million visits per year.

Brixmor has 30 other assets in the Houston market…

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