{"id":103690,"date":"2025-12-29T14:49:07","date_gmt":"2025-12-29T14:49:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/103690\/"},"modified":"2025-12-29T14:49:07","modified_gmt":"2025-12-29T14:49:07","slug":"big-v-buys-huge-shopping-center-in-houston","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/103690\/","title":{"rendered":"Big V Buys Huge Shopping Center in Houston"},"content":{"rendered":"

HOUSTON \u2013 (Realty News Report) \u2013 Big V Property Group, in a joint venture with a fund managed by Principal Asset Management, acquired Fairfield Town Center, a 355,000-SF open air center at Highway 290 and the Grand Parkway in Cypress<\/a>.<\/p>\n

The 366,000-SF Center is 99% Leased<\/p>\n

The center is 99.5% occupied by tenants including Cinemark, Kohls, Ross, Marshalls, Home Goods, Burlington, Ross, Kohl\u2019s, and more<\/a>. Eric Zimmermann and Tony D\u2019Ambrosio of Big V Property Group oversaw the transaction.<\/p>\n

The deal represents Big V Property Group\u2019s second property in the Houston area following the acquisition of Deerbrook Marketplace in Humble in 2021.<\/p>\n

\u201cWe\u2019re excited to add this to our growing Texas portfolio<\/a>, now six centers strong,\u201d D\u2019Ambrosio said. \u201cFairfield Town Center exemplifies the type of property Big V builds, acquires and redevelops \u2014 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.\u201d<\/p>\n

Big V is headquartered in Charlotte, N.C. and it has major offices in San Antonio<\/a> and Austin and in Murfreesboro, Tenn.<\/p>\n

The 3,200-acre Fairfield community was developed by Friendswood Development in far northwest Houston off of Highway 290.<\/p>\n

Fairfield Town Center is positioned within one of the country\u2019s fastest-growing trade areas, where the population within a five-mile radius has increased by 6% annually since 2010. The area now boasts more than 122,000 residents, supported by an average household income of roughly $168,000 and a median home value of $379,030.<\/p>\n

Big V said the strong demographic fundamentals translate to exceptional consumer purchasing power and continued momentum for the Fairfield Town Center trade area. Fairfield Town Center is the third most-visited retail center in the Houston MSA, Big V said.<\/p>\n

More than 187,000 vehicles pass the center daily. Nearby are the Houston Premium Outlets, which sees 4.6 million visits per year, and Memorial Hermann Cypress Hospital, opened in 2017 and now being expanded.<\/p>\n

\u201cBig V\u2019s longstanding presence in the Sunbelt and its comprehensive real estate capabilities were major draws for (Fairfield JV partner) Principal Asset Management,\u201d said Kyle Donnelly, Director of Acquisitions\/Dispositions at Principal Asset Management.<\/p>\n

In north Texas, Big V and The Seitz Group recently broke ground on Rosamond Crossing, a 175,300-SF, open-air center to be anchored by Kroger Marketplace in Anna, Texas, northeast of Dallas.<\/p>\n

Dec. 29,\u00a0 2025 Realty News Report Copyright 2025<\/p>\n

Photo: Courtesy Big V<\/p>\n

THE RALPH BIVINS PROJECT PODCAST<\/a><\/p>\n

LISTEN:\u00a0THE RALPH BIVINS PROJECT with David Hightower\u00a0\u00a0\u00a0<\/a><\/p>\n

LISTEN:\u00a0THE RALPH BIVINS PROJECT with Alex Kamkar of Bold Fox Development<\/a><\/p>\n

LISTEN:\u00a0THE RALPH BIVINS PROJECT with Brad McWhirter of Trahan Architects<\/a><\/p>\n

LISTEN:\u00a0THE RALPH BIVINS PROJECT with Lacee Jacobs of Rebel Retail Advisors<\/a><\/p>\n

LISTEN:\u00a0THE RALPH BIVINS PROJECT with Danny Rice of Colliers<\/a><\/p>\n

LISTEN:\u00a0THE RALPH BIVINS PROJECT with Trey Odom of Avera<\/a><\/p>\n

LISTEN:\u00a0THE RALPH BIVINS PROJECT with Kris Larson of Downtown Houston +<\/a><\/p>\n

LISTEN:\u00a0THE RALPH BIVINS PROJECT with Jim Carman of Howard Hughes Holdings<\/a><\/p>\n

LISTEN:\u00a0THE RALPH BIVINS PROJECT with Sam Scott of CommGate<\/a><\/p>\n

File: Big V Buys Huge Shopping Center in Houston<\/p>\n","protected":false},"excerpt":{"rendered":"HOUSTON \u2013 (Realty News Report) \u2013 Big V Property Group, in a joint venture with a fund managed…\n","protected":false},"author":2,"featured_media":103691,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[46953,46954,56,58,57],"class_list":["post-103690","post","type-post","status-publish","format-standard","has-post-thumbnail","category-houston","tag-big-v","tag-fairfield","tag-houston","tag-houston-headlines","tag-houston-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/103690","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=103690"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/103690\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/103691"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=103690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=103690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=103690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}