PAC Grabs Hines REIT’s Last Retail Property
By
Tony Seruga
The 403,000-square-foot shopping center in Houston traded for $52 million.
Champions Village, Houston
Houston—Preferred Apartment Communities Inc.’s acquisition of the last remaining retail asset of
Hines REIT, which is
in the process of dissolving, has reached completion with the purchase of
Champions Village, a 403,000-square-foot shopping center in Houston. Acting through its wholly owned subsidiary, New Market Properties, PAC snapped up Champions Village for $52 million, wrapping up an eight-property, grocery-anchored portfolio buy from Hines REIT…
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