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.
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