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KATY, TEXAS — Marcus & Millichap has brokered the sale of Grand Lakes, a 34,552-square-foot shopping center located in Katy. The center is situated on 3.2 acres at 5544 S. Peek Rd.; it was construction in 2005. James Bell of Marcus & Millichap’s Houston office represented the seller, a Texas-based partnership. The buyer was a Florida-based developer. The acquisition price was not released but the property listed for $5.75 million.