Colliers International announces that its client, Masaud Baaba, president of Omega III Investment Company, has sold an 84 acre land tract located at the northeast corner of Interstate 10 and Pin Oak Road in Katy (Houston MSA), Texas. Bill Byrd and Barkley Peschel with Colliers International in Houston represented the seller in the transaction. The buyer, Katy Village LP, was represented by Vincent Giammalva with Giammalva Properties, Inc. The tract, just west of the Grand Parkway, is in the path of tremendous growth in the west Houston Energy Corridor and is surrounded by retail, office and high-end residential developments. Area amenities to note include Katy Mills Mall, Typhoon Texas waterpark, the University of Houston and the Katy Boardwalk District.here.