LaCenterra at Cinco Ranch sold to national real estate investment company

LaCenterra at Cinco Ranch has been sold to PGIM Real Estate, part of Prudential Financial Inc.’s (NYSE: PRU) businesses, on behalf of institutional investors.

Mark Seedorff, Atlanta-based executive director of south region transactions at PGIM Real Estate, led the transaction, according to a press release. Financial terms were not disclosed.

Houston‐based Vista Equities Group and its equity partner, Denver-based Amstar Group, developed the 34-acre, 412,900-square-foot outdoor mixed-use retail lifestyle center in Katy. LaCenterra is within the 8,100-acre Cinco Ranch master-planned community developed by San Diego, California-based Newland Communities.

Click to read more at Houston Business Journal.