HOUSTON – CBRE coordinated the sale of three shopping centers in the Houston area.The properties total approximately 313,344 sf and are located in Houston, Pasadena and Katy, Texas. … Northwest Village, an 189,968 sf community center at 17360 Northwest Freeway in Houston, was purchased by Gordon Partners. The seller was Baceline Investments of Denver. It is 90 percent leased. … Fairway Centre III is a 103,876 sf Power Center, which is currently 100 percent leased by Sports Authority, Conn’s and Office Depot. Located at 3931 Fairway Drive in Pasadena, the center was purchased by Fidelis Realty Partners in Houston from Trammell Crow. David Aaronson and Jeff Stein with CBRE’s Debt & Equity Finance group, secured the equity and debt through a life insurance company. … The Plazas at Grand Parkway is a strip center located at 1575 West Grand Parkway South in Katy. It totals 19,500 square feet is 83 leased. It was sold by Sun Life Assurance Company based in Wellesley Hills, Mass. to Vista Equities Group of Houston.
Kevin Holland, Chris Cozby and Chris Gerard with CBRE’s National Retail Investment Group represented the sellers in each transaction.