Buying the Center of the Community

Buying the Center of the Community

Brixmor CIO Mark Horgan shares how LaCenterra at Cinco Ranch reflects our strategy of investing in high-quality assets that serve as the center of the community and offer strong growth opportunities. Located in Katy, TX-an affluent suburb of Houston - LaCenterra is a premier grocery-anchored lifestyle center that draws over 5 million visitors annually.

Katy is known for its top-rated school district, affluent household incomes and strong population growth, making it a highly attractive market for retail investment. Anchored by Trader Joe's, the center features a mix of top national brands including Sephora, Lululemon, Athleta, and CAVA, alongside high-performing restaurants such as Postino, Ambriza Social Mexican Kitchen, Torchy's Tacos, and Grimaldi's Pizzeria.

This acquisition reflects our prudent capital recycling strategy-investing in assets with opportunities for growth and value creation, while divesting those with limited upside. Since 2015, we've bought and sold over $4.3B in assets, transforming our portfolio and increasing our grocery-anchored ABR to over 80%. We're excited to create value at LaCenterra and continue investing in Houston, our third-largest market.

For more information on LaCenterra at Cinco Ranch and to inquire about available space, visit the links below.

Additional Resources