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Houston — JLL Capital Markets has arranged the sale of Fairmont Preston Plaza, a 105,869-square-foot shopping center located in southeast Houston. Matt Moake of HighStreet Net Lease Group represented the buyer, JKZ Fairmont Preston, in the transaction. Ryan West, John Indelli, Zamar Salas and Max Myers of JLL represented the seller, Mission Shore Management.
Built in 1974 and renovated in 2016, Fairmont Preston Plaza is currently 89 percent leased and is anchored by a 24,000-square-foot Cosmic Air trampoline park and a 26,000-square-foot Planet Fitness. Other tenants at the center include Dollar Tree and a recently opened 7Brew Coffee drive thru.