The mulit-tenant retail center within Grand Crossing in Katy features 8,500 square feet of leasable space. (Photo courtesy of LoopNet Inc.)

KATY, TEXAS — Faris Lee Investments, a California-based retail advisory and investment sales firm, has brokered the $4.6 million sale of a 8,500-square-foot, multi-tenant retail property within Grand Crossing, a mixed-use development in Katy. Located at 23641 Katy Freeway, the center was 100 percent leased at the time of sale to tenants such as Sleep Number, Carus Dental and Lux Nail Salon. Jeff Conover of Faris Lee represented the buyer, Los Angeles-based Caswell Development LLC. Edifice GC Katy, TX, the developer of the property, was the seller.