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PGIM Lassos Cinco Ranch MXU Retail Center

PGIM Real Estate acquired LaCenterra at Cinco Ranch, a 412,900-square-foot outdoor mixed-use retail lifestyle center in Katy, TX, on behalf of institutional investors. The seller was reportedly a partnership between Vista Companies and Denver-based equity partner Amstar.

The property includes 273,522 square feet of Class A retail and 139,378 square feet of Class A office that are leased 93% and 89%, respectively. Trader Joe’s anchors the existing retail, while an Alamo Drafthouse movie theater/dining hybrid will anchor the final retail phase currently under construction with completion scheduled for 2018.

LaCenterra is a 34-acre regional retail destination in Katy, a western suburb of Houston, and is part of the 8,100-acre Cinco Ranch. The master planned community offers an open-air, pedestrian-friendly environment, with lakes and two half-acre multipurpose public parks.

PGIM Real Estate’s Mark Seedorff led the transaction.

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Connect With PGIM Real Estate’s SeedorffConnect With Vista CompaniesConnect With Amstar

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.