Retail Investment Sale.

Colliers International is pleased to announce the sale of Cinco-Westheimer Parkway Plaza located at 20680 Westheimer Parkway in Katy, Texas. The 17,500 square foot retail plaza was purchased by DAV Entrepreneurs, who was represented by Diamond Adatia of Epic Realty, LLC. Jenny Seckinger and Ace Schlameus of Colliers International represented the seller, Hass Holdings, LLC in the transaction.

Cinco-Westheimer Parkway Plaza is a stabilized retail center featuring both national and local tenants. Situated on 1.59 acres, the plaza is located within the affluent Cinco Ranch master-planned community with high visibility along Westheimer Parkway and South Fry Road.

Cinco-Westheimer Parkway Plaza is located in the Far Katy South retail submarket consisting of 18.2 million square feet within 867 buildings and is 94% occupied.

About Colliers International

Colliers International (NASDAQ, TSX: CIGI) is a leading real estate professional services and investment management company. With operations in 68 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to maximize the value of property for real estate occupiers, owners and investors. For more than 25 years, our experienced leadership, owning approximately 40% of our equity, has delivered compound annual investment returns of almost 20% for shareholders. In 2019, corporate revenues were more than $3.0 billion ($3.5 billion including affiliates), with $33 billion of assets under management in our investment management segment. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.