The store is situated at the northeast corner of FairmontParkway and Sam Houston Parkway. The buyer, seeking a long-terminvestment, was represented by Steve Houghland of Access RealtyAdvisors.

Aaron Thielhorn, a Trammell Crow associate in the investmentsales division, tells GlobeSt.com that the property is part of athree-phase retail project that got under way in 1999. The Kohl'sstore is part of the third phase along with a Super Target and50,000 sf of multi-tenant retail.

Fairway Plaza, the 170,000-sf first phase, is a power centersituated right across the street from the shopping center. Thesecond phase, Fairway Marketplace, is a 215,000-sf retail centerabutting phase one. Phases one and two were sold to the same buyerin 1999 and 2001.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.