PCCP PURCHASES HOUSTON RETAIL CENTER IN JOINT VENTURE PARTNERSHIP
STAFFORD, TEXAS — Pacific Coast Capital Partners (PCCP) has acquired the Fountains on the Lake retail center in Stafford in a joint venture with Dallas-based Dunhill Partners. The 589,201-square-foot center, located at 11222 Fountain Lake Dr., is 98 percent occupied by tenants such as Old Navy, Bed Bath & Beyond, Saks Off Fifth Avenue, Loews Cinema, Fuddruckers and Cold Stone Creamery. Dunhill Partners represented the PCCP/Dunhill Partners joint venture in the transaction. Randy Fleisher of CB Richard Ellis helped arrange the equity and debt financing with Prudential.