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The Fairfield Town Center development in Cypress was purchased by Big V Property Group in partnership with Principal Asset Management, according to a Dec. 15 news release from the group.
What we know: Big V Property Group is a retail real estate investment firm based out of Charlotte, North Carolina, with offices in Austin and San Antonio. According to the release, the sale was facilitated in partnership with Principal Asset Management, a global capital management firm. Fairfield Town Center is located at 28902 Hwy. 290 in Cypress and holds 355,000 square feet of retail, entertainment and other services, the release states.
Quote of note: “Fairfield Town Center exemplifies the type of property Big V builds, acquires and redevelops—well-located in growing areas, dominant, with healthy anchors and the most-desired retailers and services. This is a trophy asset, which we are proud to add to our portfolio,” Tony D’Ambrosio, vice president of acquisitions and dispositions for Big V Property Group, said.
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