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94,762-SF Shopping Center Sells in Three Weeks

MONTGOMERY, TX-With a list price of $10.5 million, Montgomery Trace Center is picked off the market by a Las Vegas investment group on the hunt for well-located retail properties. The class A center was 86% leased at sale time.

By Jennifer D. Duell | Updated on January 27, 2005

For more retail coverage, click GlobeSt.com/RETAIL.

MONTGOMERY, TX-An investment group from Las Vegas looking for well-located retail properties has acquired Montgomery Trace Center, a 94,762-sf, class A grocery-anchored center. MTC Partners LP purchased the center, listed at $10.5 million, from Houston-based developer Montgomery Flagship Properties Ltd.

Located at the intersection of Texas 149 and 105, the center was completed in 2003. It is situated right in the midst of several new residential communities including the Buffalo Springs development, which is an 800-acre master-planned community.

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