Pasadena retail property sold to South American investor

​​​​PASADENA – The Fairmont Parkway Shopping Center has changed hands, reports Transwestern.

Transwestern represented the seller, A-S 82 Fairmont Parkway – Beltway 8 L.P. It also secured the debt for the buyer, a South American investor.​

The 172,002-sf power center, located at the intersection of Beltway 8 and Fairmont Pkwy., is dual-anchored with long-term leases by 24-Hour Fitness and iT’Z Family, Food & Fun. The center is stabilized at 96 percent occupancy with a roster of national tenants including Comerica Bank, Goodwill and Pei Wei.