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Fairmont Parkway Shopping Center
5932 - 5968 Fairmont Parkway
Pasadena, TX

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High-Quality Power Center Located in Suburban Houston

Transwestern would like to inform you that a call for offer date has been set for 2:00 PM (CDT) on Wednesday, June 18th for Fairmont Parkway Shopping Center in Pasadena, Texas.

Offers should be submitted via email to janice.sellis@transwestern.com and micha.vanmarcke@transwestern.com.

Transwestern is pleased to exclusively offer for sale Fairmont Parkway Shopping Center (the "property"), a 172,002-square-foot ("SF") Class A power center located in suburban Houston. This high-quality center features dual anchors on long-term leases including 24 Hour Fitness and iT'Z Family Fun. Other tenants at the center include category leading national retailers such as Comerica Bank, Sears Home Appliance, Pei Wei, Regency Beauty Centers, Goodwill and Malibu Tan.

The property is located in the regional retail hub for Pasadena and the surrounding communities. Pasadena is considered a worldwide center for the energy, petrochemical and aerospace industries. This rapidly growing, job-fueled consumer market is strategically located and bounded by the Port of Houston and the Bayport Industrial District. The Port of Houston is ranked first in the U.S. in both domestic import and export tonnage and second in the U.S. in total tonnage.

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Offering Highlights:

  • Located in the regional retail hub for the growing trade area
  • Stabilized at 96% occupancy with below market rents
  • Shortage of retail availability in this expanding market
  • Anchored by trade area's only major gym and entertainment complex
  • Immediate access to adjoining neighborhoods
  • Property is offered free and clear with no debt obligations
  • New non-recourse CMBS and bank financing available

To receive the full Investment Offering Memorandum, please execute the Confidentiality Agreement online.

Please contact a member of our team with any questions about this investment opportunity.

Paul Barile
312.881.7020
paul.barile@transwestern.com


Janice Sellis
312.881.7024
janice.sellis@transwestern.com


Micha van Marcke
713.272.1231
micha.vanmarcke@transwestern.com


Chace Henke
713.272.1274
chace.henke@transwestern.com


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