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| Hines sells retail center in Hermosillo The Mexico City office of Hines, the international real estate firm, announced the sale of City Center Pitic to MexFund S.A.P.I, a Mexico-based real estate investment firm. The Mexico City office of CB Richard Ellis (CBRE) represented Hines in the transaction, while MexFund was self-represented. The 188,063-square-foot, open-air retail center contains more than 60 shops, plus Walmart Supercenter and Sportsworld Fitness Center as anchors. Designed by the Mexican-based architecture firm Oikonos, City Center Pitic's storefront design complements the Sonora desert landscape. In 2008, Hines, on behalf of HCM Holdings LP, developed City Center Pitic, its first retail project in Mexico. Located on Boulevard Morelos in the uptown neighborhood of northeast Hermosillo, City Center Pitic is in the heart of the city's fastest growing area. The capital of the State of Sonora, Hermosillo shares a common border with Arizona, just 250 miles south of Phoenix. write your comments about the article :: © 2011 Construction News :: home page |