Rockspring Capital Sells 1,619 Acres in Metro Houston to Master-Planned Community Developer

by Taylor Williams

KATY, TEXAS — Rockspring Capital, a Houston-based investment firm, has sold a 1,619-acre tract in Katy located off U.S. Highway 290 and Katy Hockley Road to Johnson Development Corp., a Houston-based developer of master-planned communities. The sales price was not disclosed. Chris Hutcheson, Matthew Herring and James Kadlick of McAlister Real Estate represented Rockspring Capital in the transaction. Dave Ramsey of NewQuest Properties represented Johnson Development.

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