The acquisition is the first institutional joint venture for the 80-year-old retail real estate owner/developer
CHARLOTTE, N.C. (December 15, 2025) —In its first institutional joint venture and its first acquisition with a fund managed by Principal Asset Management®, Big V Property Group has acquired Fairfield Town Center in Cypress, Texas (metro Houston).
“Combined with our own 80 years of history, Big V and Principal Asset Management each have a storied legacy of success in serving clients and communities,” said Eric Zimmermann, Chief Acquisitions Officer of Big V Property Group, who with Tony D’Ambrosio, Vice President of Acquisitions & Dispositions, oversaw the transaction. “This collaboration underscores our shared focus on creating value and delivering quality experiences for the people and places we serve.”
Located at U.S. 290 and SH 99/the Grand Parkway, the 355,000-square-foot, value-oriented Fairfield Town Center is 99.5% occupied. The open-air center boasts a best-in-class tenant mix of retail, entertainment and services, including a luxury cinema, popular off-price retailers, beauty and apparel brands, and is complemented by leading grocery and sporting goods anchors.
“We’re excited to add this to our growing Texas portfolio, now six centers strong,” D’Ambrosio said. “Fairfield Town Center exemplifies the type of property Big V builds, acquires and redevelops — well-located in growing areas, dominant, with healthy anchors and the most-desired retailers and services. This is a trophy asset, which we are proud to add to our portfolio.”
“Big V’s longstanding presence in the Sunbelt and its comprehensive real estate capabilities were major draws for Principal Asset Management,” said Kyle Donnelly, Director of Acquisitions/Dispositions at Principal Asset Management. “Their deep retail expertise and vertically integrated platform, spanning innovative leasing, strategic development, construction, legal, marketing, operations, and more, were key factors in our decision.”
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. The area now boasts more than 122,000 residents, supported by an average household income of roughly $168,000 and a median home value of $379,030. These strong demographic fundamentals translate to exceptional consumer purchasing power and continued momentum for the Fairfield Town Center trade area.
Fairfield Town Center is the third most-visited retail center in the Houston MSA. More than 187,000 vehicles pass the center daily. Nearby are the Houston Premium Outlets, which sees 4.6 million visits per year, and Memorial Hermann Cypress Hospital, opened in 2017 and now being expanded.
The acquisition is Big V Property Group’s second in the Houston area and continues its growth in Texas. In addition, Big V, with partner The Seitz Group, recently broke ground on Rosamond Crossing, a new, 175,300-square-foot, open-air center to be anchored by Kroger Marketplace in Anna, Texas, northeast of Dallas.
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. We own, operate, and develop premier retail properties in growing and thriving Sunbelt communities across 14 states. Our 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 our prime locations drive significant business for our tenants, enhance returns for investors, and support vibrant community activity. We are headquartered in Charlotte, NC with major offices in Murfreesboro, TN, San Antonio and Austin, TX, and Florida, NY. For further information, please visit bigv.com.
About Principal Asset Management®
With public and private market capabilities across all asset classes, Principal Asset Management and its investment specialists look at asset management through a different lens, creating solutions to help deliver client investment objectives. By applying local insights with global perspectives, Principal Asset Management identifies distinct and compelling investment opportunities for more than 1,100 institutional clients in over 80 markets.1 Principal Asset Management is the global investment solutions business for Principal Financial Group® (Nasdaq: PFG), managing $601.6 billion in assets1 and recognized as a “Best Places to Work in Money Management”2 for 14 consecutive years.Learn more at www.PrincipalAM.com
[1] As of September 30, 2025
[2] Pensions & Investments, “The Best Places to Work in Money Management”, among companies with 1,000 or more employees, December 2025.
For media inquiries, please contact:
Debra Hazel
(201) 618-5247
debra@debrahazelcommunications.com
ATLANTA, GA (June 11, 2024) — Big V Property Group, the owner and operator of more than 9.5 million square feet of retail space, acquired Johns Creek Town Center in Suwanee, Georgia. This acquisition marks the group’s fifth community center in the state as the company continues to expand its portfolio of community centers in Georgia.
Located approximately 30 miles from downtown Atlanta, the 303,297-square-foot, open-air center is anchored by major retailers including HomeGoods, Sprouts, Kohl’s, Ulta Beauty, Market by Macy’s, and PetSmart. The greater Atlanta region boasts more than six million residents, making it the eighth-largest market in the United States.
“Greater Atlanta is one of the most dynamic markets in America, and we’re thrilled to complement our expansion efforts in the region with the addition of Johns Creek,” said Jeff Rosenberg, CEO of Big V Property Group.
The transaction marks the second major acquisition by Big V Property Group and their partner, Equity Street Capital, in 2024, following their purchase of Merchants’ Square in Carmel, Indiana in February. The terms of the deal were not disclosed.
About Big V Property Group
Big V Property Group owns and operates over 50 neighborhood and community shopping centers totaling over 9.5 million square feet, primarily located in the southern region of the US. Big V Property Group is headquartered in Charlotte, NC with major offices in Murfreesboro, TN, San Antonio and Austin, TX, and Florida, NY. For further information, please visit bigv.com.
About Equity Street Capital
Equity Street Capital (ESC) is a San Diego-based commercial investment firm focused on achieving attractive risk-adjusted returns while maximizing long-term capital appreciation. Equity Street Capital was founded by Than Merrill and Paul Esajian, real estate investors and entrepreneurs who are also renowned for their real estate investment education company and residential investment firm. For further information please visit equitystreetcapital.com.
Carmel, IN – Big V Property Group, with their partner, Equity Street Capital, is proud to announce its latest acquisition, Merchants’ Square, located in Carmel, Indiana. This acquisition represents the first venture for Big V Property Group in the Indianapolis market, highlighting the company’s continued portfolio expansion.
Merchants’ Square, encompassing 232,284 square feet of open-air shopping center space, is located in Carmel, an affluent suburb just north of Indianapolis. Indianapolis is the second fastest-growing MSA in the Midwest and this trade area has experienced a notable 13.2% population growth since 2010, positioning Carmel as the third-largest city within the MSA. Carmel has been frequently ranked as the #1 suburb in America by several publications, including Niche, Town & Country, and Money. This recognition is a testament to the area’s exceptional quality of life and vibrant community.
Positioned in a high-volume traffic district, Merchants’ Square is poised to attract a steady influx of consumers, enhancing its visibility and accessibility. The center’s diverse tenant mix includes reputable names like Planet Fitness, Flix Brewhouse, Cost Plus World Market, Petco, and Dollar Tree, providing a varied shopping experience. Additionally, the property will benefit from being shadow-anchored by the first Indiana location for Illinois-based Harvest Market. The 76,000 SF store plans to open fall of 2024.
Jeff Rosenberg, President of Big V Property Group, commented, “We are thrilled to expand our portfolio into the Indiana market with the acquisition of Merchants’ Square. This property is a testament to our commitment to strategic growth and investment in areas with strong economic potential. The vibrant, growing community of Carmel, recognized for its high rankings and quality of life, alongside the impressive tenant lineup, makes Merchants’ Square a prime addition to our portfolio.”
“Our diligence determined that Carmel, IN is truly a jewel trade area. It offers the unique combination of high incomes and high growth, which aligns perfectly with Big V’s business model,” stated Eric Zimmermann, Big V Property Group Chief Acquisitions Officer. “The high-quality fundamentals combined with the pending opening of Harvest Market paint a bright future for the asset.”
This acquisition reflects Big V Property Group’s ongoing commitment to investing in high-potential markets and marks a significant milestone in the company’s portfolio expansion strategy.
About Big V Property Group
Big V Property Group owns and operates over 50 neighborhood and community shopping centers totaling over 9.5 million square feet, primarily located in the southern region of the US. Big V Property Group has five offices with major offices in Charlotte, NC, San Antonio, TX, Bristol, TN and Florida, NY. For further information, please visit www.bigv.com.
About Equity Street Capital
Equity Street Capital (ESC) is a San Diego-based commercial investment firm focused on achieving attractive risk-adjusted returns while maximizing long-term capital appreciation. Equity Street Capital was founded by Than Merrill and Paul Esajian, real estate investors and entrepreneurs who are also renowned for their real estate investment education company and residential investment firm. For further information, please visit www.equitystreetcapital.com.
For Acquisitions & Investment information, please contact
Ryan Fabbri
rfabbri@bigv.com
(423) 534-4603
For Leasing information, please contact
Julie O’Donnell
jodonnell@bigv.com
(877) 244-8532
CHARLOTTE, NC – Big V Property Group is delighted to announce the acquisition of 6201 Fairview, a strategically located office building in Charlotte, North Carolina. With a generous expanse of 58,064 rentable square feet, this four-story, multi-tenant office space is situated in the heart of the coveted Southpark submarket in Charlotte.
Currently hosting a diverse tenant mix, the building boasts an over 50% occupancy rate, housing companies such as Regus, First National Bank of Pennsylvania, Harbor City Title Insurance, and McGrath & Spielberger. The acquired property is set to serve as the new corporate office for Big V Property Group.
“We’re incredibly excited about the potential of our new office location. It not only provides ample space for our current team but also lays a solid foundation for our anticipated growth,” comments Jeffrey Rosenberg, Big V Property Group President and Chief Executive Officer.
About Big V Property Group
Big V Property Group owns and operates over 50 neighborhood and community shopping centers totaling over 9.5 million square feet, primarily located in the southern region of the US. Big V Property Group has five offices with major offices in Charlotte, NC, San Antonio, TX, Bristol, TN and Florida, NY. For further information, please visit www.bigv.com.
For Acquisitions & Investment information
Ryan Fabbri
rfabbri@bigv.com
(423) 534-4603
Texas footprint grows to over 3.5M square feet
Big V Property Group along with their partner Equity Street Capital, is pleased to announce their newest acquisition, Southpark Meadows I & II in Austin, Texas, one of the fastest growing markets in the country. Southpark Meadows is one of the area’s largest shopping centers with 938,103 SF ideally located off of I-35, Austin’s primary thoroughfare with anchor tenants including Walmart, JC Penny, Target, and Hobby Lobby.
“We are very excited to be entering the Austin market with such a premium asset,” said Jeffrey Rosenberg, President and CEO. “We have some great plans for Southpark Meadows, and we are looking forward to working with the Austin area officials on improving and upgrading the center. This is the fifth acquisition purchased from Blackstone; building trust and partnerships with key property owners in retail is very important to our continued growth.”
Big V Property Group is planning extensive capital improvement over the next few years for Southpark Meadows including a new playground/activation area, LED lighting installation, painting, parking lot upgrades, sanitation/sewer upgrades, a security office, landscaping improvements and more.
“Our team is committed to enhancing the overall shopping experience at Southpark Meadows through significant capital improvements,” said Scott Cozzali, Vice-President of Construction. “In addition to many exterior improvements, we are especially excited about the development of a new outdoor playground area that can serve the entire community.”
Austin has seen immense growth with a 92% population increase since 2020 in the 3-mile radius around Southpark Meadows. Dubbed “Silicon Hills”, Austin’s economy is a the forefront of innovation and expansion home to many leading technology companies such as Oracle, Facebook, Google, Dropbox and Expedia. In 2021 Tesla announced the move of their Headquarters to Austin and the building of their $1B Gigafactory in southeast Austin. As the technology industry continues to grow, Austin is positioned to experience even more in-migration and corporate relocations.
Tremendous demographic growth, an ideal location and a strong tenant mix including Walmart, Target (shadow), Hobby Lobby, Rooms to Go, Marshall’s, JC Penny, PetSmart, Ulta, JoAnns, Southpark Meadows and has drawn an estimated 8.64 million visitors* in 2021 making it the most visited Shop and Service Center in the United States. (*Visitor frequency is based on placer.ai technology)
Southpark Meadows is the fifth Texas property for Big V Property Group and the second largest in its portfolio. Financing was provided by a Life Insurance Company and Clarion Partners Real Estate Income Fund.
About Big V Property Group
Big V Property Group owns and operates 57 neighborhood and community shopping centers totaling over 9.5 million square feet, primarily located in the southern region of the US. Big V Property Group has five offices with major offices in Charlotte, NC, San Antonio, TX, Bristol, TN and Florida, NY. For further information, please visit www.bigv.com.
About Equity Street Capital
Equity Street Capital (ESC) is a San Diego based commercial investment firm focused on achieving attractive risk-adjusted returns while maximizing long-term capital appreciation. Equity Street Capital was founded by Than Merrill and Paul Esajian, real estate investors and entrepreneurs who are also renowned for their real estate investment education company and residential investment firm. For further information please visit www.equitystreetcapital.com.
For Acquisitions & Investment information
Ryan Fabbri
rfabbri@bigv.com
(423) 534-4603
For Leasing information
Greg Ix
gix@bigv.com
(980) 475-2049
Purchase marks Big V Property Group’s fifth asset in Georgia
Big V Property Group along with their partner Equity Street Capital, is pleased to announce their newest acquisition, Glynn Isles in Brunswick, Georgia. Glynn Isles is a 193,039 SF power center featuring a strong lineup of best-in-category tenants and shadow anchored by Target and Lowe’s.
“We are excited to expand our presence in the Southeast, and specifically Georgia, said Jeffrey Rosenberg, President and CEO. “Glynn Isles is a best-in-class center, and I’m pleased to have this quality center join our portfolio.”
Located in coastal Georgia, Glynn Isles is the primary retail destination for both local residents and the abundant tourism from the Golden Isles area including St. Simons Island, Sea Island and Jekyll Island. Glynn Isles is the most visited shopping center within a 50-mile radius drawing more than 4.5 million annual visitors.
Since its opening in 2007, Glynn Isles has averaged over 98% occupancy with 10 of the current tenants original to the property. Glynn Isles fills a massive retail void in the area being a dominant shopping destination in coastal Georgia for all of its tenants. Many of its anchor tenants including Target, Dick’s Sporting Goods, PetSmart, Ross Dress for Less, Michaels, Ulta and Old Navy do not have another location within 50+ miles.
Glynn Isles offers the rare combination of a seasoned tenant roster, value-add opportunities and a super-regional retail node location. This is the fifth property for Big V Property group in Georgia.
About Big V Property Group
Big V Property Group owns and operates 57 neighborhood and community shopping centers totaling over 9.5 million square feet, primarily located in the southern region of the US. Big V Property Group has five offices with major offices in Charlotte, NC, San Antonio, TX, Bristol, TN and Florida, NY. For further information, please visit www.bigv.com.
About Equity Street Capital
Equity Street Capital (ESC) is a San Diego based commercial investment firm focused on achieving attractive risk-adjusted returns while maximizing long-term capital appreciation. Equity Street Capital was founded by Than Merrill and Paul Esajian, real estate investors and entrepreneurs who are also renowned for their real estate investment education company and residential investment firm. For further information please visit www.equitystreetcapital.com.
For Acquisitions & Investment information, please contact
Ryan Fabbri
rfabbri@jzackbigv-com
(423) 534-4603
For Leasing information, please contact
Greg Ix
gix@jzackbigv-com(980) 475-2049
Purchase marks Big V Property Group’s first asset in Arizona
Big V Property Group, along with their partner Equity Street Capital, is pleased to announce their newest acquisition, Lake Pleasant Pavilion in Peoria, Arizona. Lake Pleasant Pavilion is a 178,403 square foot destination shopping center ideally located at Peoria’s “Four Corners” just outside of Phoenix. This will be the first property in Arizona for Big V Property Group.
“The Arizona market is a target market for Big V, and this represents our first acquisition in the Phoenix area. We look forward to expanding our presence in this dynamic growth market,” said Jeffrey Rosenberg, CEO.
Located at the intersection referred to as Peoria’s ‘Four Corners’, Lake Pleasant Pavilion is in an ideal location surrounded by nearly every facet of retail including Home Depot, Kohl’s, Lowe’s and shadow-anchored by Super Target. The property benefits from attractive demographics with a population of 157,547 earning an average household income of $109,860 within a 5-mile radius.
Approximately 88% of the tenants at Lake Pleasant Pavilion are national tenants including Marshalls, Bed Bath & Beyond, Downeast Home & Clothing, BevMo!, Tilly’s, Kirkland’s, Anytime Fitness, McDonald’s, Starbucks, and more.
About Big V Property Group
Big V Property Group owns and operates 55 neighborhood and community shopping centers totaling over 9 million square feet, primarily located in the southern region of the US. Big V Property Group has five offices with major offices in Charlotte, NC, San Antonio, TX, Bristol, TN and Florida, NY. For further information, please visit www.bigv.com.
About Equity Street Capital
Equity Street Capital (ESC) is a San Diego based commercial investment firm focused on achieving attractive risk-adjusted returns while maximizing long-term capital appreciation. Equity Street Capital was founded by Than Merrill and Paul Esajian, real estate investors and entrepreneurs who are also renowned for their real estate investment education company and residential investment firm. For further information please visit www.equitystreetcapital.com
For Acquisitions & Investment information, please contact
Ryan Fabbri
rfabbri@bigv.com
(423) 534-4603
For Leasing information, please contact
Greg Ix
gix@bigv.com
(980) 475-2049
Expansion into Texas continues, with the purchase of a fourth property
DALLAS, TEXAS — Big V Property Group, along with their partner Equity Street Capital, is pleased to announce their newest acquisition, Glade Parks Town Center in Dallas, Texas. Glade Parks is a best-in-class retail destination consisting of 559,457 square feet of quality shop space, represented by an exceptional lineup of national retailers.
“We are excited to continue our expansion into Texas with our first acquisition in the Dallas area, Glade Parks”, said Jeffrey Rosenberg, President and CEO of Big V Property Group. “The Dallas metroplex is a dynamic growing marketplace, and this is the first of several acquisitions planned in this exciting market.”
Glade Parks is located just minutes from the Dallas Fort Worth International Airport and strategically positioned on the doorstep of two of Dallas/Fort Worth’s #1 and #2 highest income neighborhoods, Southlake and Colleyville. There is an impressive $8.4B of spending power within just a 5-mile radius of the property.
Glade Parks offers a diverse roster of nationally recognized retailers including Homegoods, Michaels, Ulta Beauty, Dick’s Sporting Goods, Total Wine & More, Cinépolis and many more. From fashion to lifestyle, the Property’s assortment of offerings has further established Glade Parks as a one-stop destination for the surrounding community.
This acquisition is the fourth for Big V Property Group in Texas and the first in the Dallas.
About Big V Property Group
Big V Property Group owns and operates 54 neighborhood and community shopping centers totaling over 9 million square feet, primarily located in the southern region of the US. Big V Property Group has five offices with major offices in Charlotte, NC, San Antonio, TX, Bristol, TN and Florida, NY. For further information, please visit www.bigv.com.
CHARLOTTE, NORTH CAROLINA (April 20, 2022)— Big V Property Group (BVPG), along with their partner Equity Street Capital, is pleased to announce the acquisition of three iconic retail ski villages, launching Big V into the prestigious resort destination market. The Village at Stratton in Vermont, The Village at Snowshoe in West Virginia and The Village at Copper Mountain in Colorado were acquired from a private seller. All three properties offer an exciting new category of retail for Big V.
“We are thrilled to expand our property portfolio to include this exciting category of retail, diversifying our portfolio while providing our high-quality service and value to our new tenants,” said Jeffrey Rosenberg, President and CEO of Big V.
The Village at Stratton is located in Stratton located in Stratton, Vermont. Stratton is the tallest ski mountain in Southern Vermont and easily accessible from New York City, Boston, Albany, and Hartford, and its great location has created a strong base of affluent visitors and second homeowners in the area that enjoy the mountain year-round. The 47,837 square foot retail village features 20 primarily long-term tenants and is 100% leased.
The Village at Snowshoe is located at the center of Snowshoe Mountain Resort in Snowshoe, West Virginia. It consists of 37,780 square feet of boutique retail, restaurant, and service space located in primarily first-floor retail condominiums. The Village at Snowshoe is 100% leased to 15 primarily long-term tenants that provide essential amenities to the resort.
The Village at Copper Mountain in Frisco, Colorado is located at the base of Copper Mountain ski resort, encompassing 101,506 SF of prime storefronts, restaurants, breweries and office space. Conveniently located, with over 5 million visitors per year, the Village at Copper Mountain benefits from traffic from multiple communities including Leadville, Frisco, Breckenridge, Keystone and Vail.
All three ski resorts offer a wide range of 4-season activities and events that draw visitors year-round and all have a mix of local and national retailers, restaurants, and resort operation services.
About Big V Property Group
Big V Property Group owns and operates 54 neighborhood and community shopping centers totaling over 9 million square feet, primarily located in the southern region of the US. Big V Property Group has five offices with major offices in Charlotte, NC, San Antonio, TX, Bristol, TN and Florida, NY. For further information, please visit www.bigv.com.
About Equity Street Capital
Equity Street Capital (ESC) is a San Diego based commercial investment firm focused on achieving attractive risk-adjusted returns while maximizing long-term capital appreciation. Equity Street Capital was founded by Than Merrill and Paul Esajian, real estate investors and entrepreneurs who are also renowned for their real estate investment education company and residential investment firm. For further information please visit www.equitystreetcapital.com
PRESS RELEASE (Jacksonville, Florida) – Big V Property Group (BVPG) along with its partner, Equity Street Capital (ESC), is excited to announce the acquisition of The Markets at Town Center in Jacksonville, Florida. The Markets at Town Center is a 254,089 SF grocery-anchored destination ideally located at the gateway to St Johns Town Center, the #1 shopping destination between Orlando and Atlanta. The property will be managed by Big V Property Group.
The unique open-air Property is comprised of leading retailers including Sprouts Farmers Market, Nordstrom Rack, REI, Ulta, and West Marine.
Jacksonville is the largest city in Florida and features a diversified economy with a strong base of industries including healthcare, retail, finance, tourism, education, manufacturing, defense, and aerospace, and the region is home to three Fortune 500 headquarters. Big V is excited to expand its presence in Florida with this asset.
Big V Property Group: BVPG owns and operates 51 neighborhood and community shopping centers totaling over 9 million square feet, primarily located in the southern region of the US. Big V Property Group has five offices with major offices in Charlotte, NC, San Antonio, TX, Bristol, TN and Florida, NY. For further information, please visit www.bigv.com.
Equity Street Capital: ESC is a San Diego based commercial investment firm focused on achieving attractive risk-adjusted returns while maximizing long-term capital appreciation. Equity Street Capital was founded by Than Merrill and Paul Esajian, real estate investors and entrepreneurs who are also renowned for their real estate investment education company and residential investment firm. For further information please visit www.equitystreetcapital.com
For Acquisitions and Investment information, please contact
Ryan Fabbri
rfabbri@bigv.com
(423) 534-4603
For Leasing information, please contact
Caroline Horne
ctighe@bigv.com
(704) 651-0757
