AUSTIN, TEXAS (August 31, 2015) —Austin-based multifamily developer Oden Hughes has sold the 354-unit Parkside Grand Parkway community in Katy, Texas to EGI International Corp.
The sales price was not disclosed.
Completed in 2014, the 14-acre property is located at the southwest corner of Katy Fort Bend Road and Grand Parkway near Interstate 10 within the boundaries of the highly desirable Katy Independent School District.
The one, two and three-bedroom units range from 625 to 1,400 square feet.
“This is a great community in a highly visible location that is conveniently located near one of Houston’s biggest job centers,” said Oden Hughes Vice President of Development Tim Shaughnessy. “The investment market for high-quality multifamily properties in Houston remains strong, and we are pleased with the sale.”
ARA Executive Managing Director David Mitchell represented Oden Hughes in the transaction.
Developed in partnership with Desarrollos Delta of Monterrey, Mexico, Parkside Grand Parkway was the first Houston-area development for Oden Hughes.
The company recently completed the 384-unit Parkside Place apartments at the northwest corner of FM 2920 and Kuykendahl Road, four miles west of the ExxonMobil campus.
Oden Hughes’ third Houston-area project, the 342-unit Parkside Bella Terra apartments in the high-end Lakes of Bella Terra masterplanned community, is currently under construction just south of Katy and will be completed later this year.
About Oden Hughes LLC
Oden Hughes LLC is an Austin-based multifamily development, construction and property management company that focuses on Class A properties in the Austin, San Antonio, Dallas, Fort Worth and Houston markets. The company also offers value-add investments, design-build services, and general contracting. Founded in 2010, the firm focuses on multifamily development, construction and management in major Texas markets. For more information please visit odenhughesllc.com.
Media Coverage
- Houston Chronicle, 8/31/2015, ‘Oden Hughes Sells Katy Apartment Development’
- Globe St., 9/1/15, ‘EGI International Buys Katy MF Community’,
- Houston Business Journal, 9/1/15, ‘Austin Developer Sells First Houston-Area Development’,
Oden Hughes sold the 354-unit Parkside Grand Parkway community to EGI International Corp.
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Austin-based multifamily developer Oden Hughes has sold Parkside Grand Parkway to EGI International.
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Austin-based developer Oden Hughes has sold it’s first Houston-area property to EGI International.
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