NEW YORK – Smith, Gambrell & Russell, LLP (“SGR”) is pleased to announce that the Firm has served as legal counsel to Big V Property Group in its successful acquisition of Fairfield Town Center in Cypress, Texas.
Located at U.S. 290 and SH 99/the Grand Parkway in Cypress, Texas, the 355,000-square-foot development is 99.5% occupied. The large, open-air power center is home to a best-in-class tenant mix of retail, entertainment and services, including a luxury cinema and popular retailers, beauty and apparel brands.
Fairfield Town Center is positioned within one of the country’s fastest-growing trade areas, where the population within a five-mile radius has increased by approximately 6% annually since 2010. It is the third most-visited retail center in the Houston MSA with more than 187,000 vehicles passing the center daily.
SGR has advised Big V on a variety of shopping center related matters for the past several years, including recently closing a $765 million loan transaction.
The SGR legal team was led by Sean Altschul, Partner and Head of the New York Real Estate Practice (New York and Miami offices) and made up of Tyler Cunningham, Senior Associate in the Real Estate Practice (Atlanta office); Alon Harnoy, Partner in the Corporate Practice and Head of the Fund Formation Practice (New York office); David Thunhorst, Partner in and Head of the Corporate Law Practice (Atlanta office); Danielle Comanducci, Counsel in the Corporate, Intellectual Property and Real Estate Law practices (New York office); Amanda Attenasio, Senior Associate in the Real Estate Practice (New York office) and Cheree Millette, Paralegal (Jacksonville office).
SGR serves clients across a full range of sophisticated real estate transactions. Our clients include public and private companies, prominent real estate developers, multi-generational family-owned real estate investment firms, institutional and private investors, commercial banks and other institutional lenders, investment banks, private lenders, national, regional, and local landlords and credit-rated tenants. Our highly regarded professionals include former developers, city planners, accountants, business owners, general counsel, and an entire Chambers-ranked real estate practice from a predecessor firm. Learn more about the Real Estate Practice by visiting: https://www.sgrlaw.com/practices/real_estate/.
About Big V Property Group
Big V Property Group (Big V) is a family-owned leader in retail real estate with an 80-year history of serving communities and creating superior value for investors. Big V owns, operates, and develops premier retail properties in growing and thriving Sunbelt communities across 14 states. Their 50+ neighborhood community and shopping centers are at the heart of retail districts in high-growth demographic markets, occupying a total of 9.5 million square feet. This careful selection has led to record-high occupancy rates, as their prime locations drive significant business for their tenants, enhance returns for investors, and support vibrant community activity. Big V is headquartered in Charlotte, NC with major offices in Murfreesboro, TN, San Antonio and Austin, TX, and Florida, NY. For further information, please visit http://bigv.com/.
About Smith, Gambrell & Russell, LLP
Smith, Gambrell & Russell, LLP is a full-service, international law firm that advises regional, national and global businesses on a wide range of legal matters. The Firm’s nearly 350 attorneys provide legal counsel in more than 50 specialized practice areas, including corporate transactions, litigation, intellectual property, aviation, banking, real estate, insurance/reinsurance, construction, employment law, international, and employee benefits and executive compensation. Founded in 1893, Smith Gambrell has 14 domestic and international offices, including Atlanta; Austin; Charlotte; Chicago; Jacksonville; London; Los Angeles; Miami; Milan; Munich; New York; Southampton; Tampa; and Washington, D.C. For more information, please visit: https://www.sgrlaw.com/