Houston real estate firm buys former Sharpstown Mall

Houston’s oldest enclosed mall has a new owner.

Houston-based commercial real estate firm Baker Katz bought PlazAmericas Mall, formerly known as Sharpstown Mall and Sharpstown Center, from Philadelphia-based RAIT Financial Trust (OTCQB: RASF), according to a Dec. 20 press release. Baker Katz Management will oversee the mall’s existing property management team, who will remain in place. 

Matt Berry and Robbie Kilcrease of CBRE represented RAIT Financial Trust in the sale, while Baker Katz Principals…