PAC buys 403,523-sf retail assetPAC buys 403,523-sf retail assethttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=150162016-10-26T05:00:00Z2016-10-26T20:00:00Z

​​​​​​​HOUSTON – Atlanta-based Preferred Apartment Communities (PAC) has acquired Cha​​mpions Village, a retail center at the intersection of FM 1960 and Champions Forest Dr.

The 403,523-sf power center is anchored by Randalls​ and is home to Kirkland's, Barnes & Noble, Palais Royal, and Tuesday Morning.

PAC purchased the asset to complete an eight-property portfolio purchase from Hines that began in early August, and it now owns 31 grocery-anchored shopping centers in suburban Sunbelt markets. It also financed the acquisition with a nonrecourse, five-year, floating-rate loan through Metropolitan Life Insurance Co.​​

CoStar Group
Houston-The Woodlands-Sugar Land
http://www.costar.com/News/Article/PAC-Snaps-Up-Randalls-Anchored-Champions-Village-in-Northwest-Houston/185894Read more at {Source}

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