Houston power center changes hands

Dunhill Partners has acquired The Center at Pearland Parkway in Houston, which houses T.J. Maxx and Ross Dress for Less and is shadow-anchored by an HEB grocery store. Seller Stream Realty Partners did not disclose the sale price.



"Due to the ideal spacing between the two closest major retail nodes, the Center at Pearland Parkway offers tenants the ability to capture this under-served community with limited competition," said Stream managing director Mark Sondock.



The Center at Pearland Parkway is a multi-phase project that kicked off in the early part of recovery after the recession ended and was completed in 2014. Situated at a prime intersection of FM 518 and Pearland Parkway, its second phase was just completed. Additional anchor and in-line spaces are up for lease.

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