KM Realty purchases Morton & Fry Business Center

R. HANS MILLER - KATY TIMES SENIOR REPORTER
Posted 1/20/20

KM Realty, a Houston-based property management and realty firm, expanded its inventory of properties by purchasing more than 36,000 square feet of space at the Morton & Fry Business Center Jan. …

This item is available in full to subscribers.

Please log in to continue

Log in

KM Realty purchases Morton & Fry Business Center

Posted

KM Realty, a Houston-based property management and realty firm, expanded its inventory of properties by purchasing more than 36,000 square feet of space at the Morton & Fry Business Center Jan. 15.

“Morton & Fry Business Center fits well among KM Realty’s existing properties. As KM Realty continues to grow, we actively seek further additions whether through purchase or through [umbrella partnership real estate investment trust] transactions.”

According to a Jan. 17 press release, KM Realty owns about 687,000 square feet of space, now that the Morton & Fry Center property has been added to its portfolio. That portfolio also includes about 20 shopping centers in the Katy area including properties near Fulshear and in Cinco Ranch.

Katy area properties operated by KM Realty include the Shops at Cardiff Ranch, Shops at Firethorne and Shops at Pine Mill Ranch properties, said KM Realty Marketing Director Nick Lovitt via email. The company acquired The Shoppes at Cinco Ranch I and II shopping centers in the second half of 2019.

KM Realty is looking for additional investors in order to help it expand its current overall portfolio of more than 60 properties.

“We see not only [greater] Houston, but also all major Texas cities as targets for expansion,” said KM Realty’s Director of Leasing Steven Stone. “We feel very comfortable navigating the market, and we are especially excited to be working with this new group of tenants.”