+/- 157 Acres SOLD Katy Hockley Rd

+/- 157 Acres SOLD Katy Hockley Rd

McAlister Real Estate, a privately-owned real estate brokerage headquartered in Houston, today announced that it represented and closed the sale of an owner’s 157-acre tract of land in Katy, Texas, northwest of Houston.


The property was sold to the Katy Independent School District (KISD) and is located off of Katy Hockley Rd., sharing two borders with Newland Communities’ master-planned residential community Elyson and is west of Grand Parkway. Acquired by an affiliate of Rockspring Capital, L.L.C. in 2014, the property is in the path of growth and future development.


“Katy’s fast growing population and school district, which are outpacing other markets around the state in terms of growth, made this a strong sale for the buyer,” said Jim McAlister IV, President & CEO of McAlister Real Estate. “We had many prospects interested in the space, especially from single family developers and builders. But in the end, working with the district on this deal was a great outcome for us and the owner.”


McAlister Real Estate’s Harrison Kane, James Kadlick, Matt Herring, and Chris Hutcheson represented Rockspring Capital, L.L.C. in this sale. The Katy Independent School District was consulted by Jared and Fred Fargo of Consolidated Property Advisors.


McAlister Real Estate brokered the “HBJ 2015 Best Deal of the Year” for the sale of 4 acres at the corner of 610 & Yale St. in Houston, Texas for Whole Foods new concept store, “Market 365.”  The award was presented on January 26th, 2016 by the Houston Business Journal at a special ceremony and the selections were carefully chosen by members of its newsroom and the business community.

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