After half a year on the market, Redmond Town Center has new owners. Chicago-based Fairbourne Properties closed Monday on buying the shopping center for $192 million, according to documents filed with King County.
The deal, which was still being finalized over Christmas, includes three parcels: the two-story shopping center, the former Macy’s building and an adjacent commercial property. The sellers, New York-based DRA Advisors and JSH Properties of Bellevue, purchased the 120-acre property in 2013 for $127 million. The office and hotel portions of the center aren’t part of Monday’s deal.
