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From single to multi: Port Arthur retail center sellsFrom single to multi: Port Arthur retail center sellshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=151892016-11-16T06:00:00Z2016-11-17T00:55:00Z

​​PORT ARTHUR – What was once a single-tenant building became a multi-tenant retail center due to strong demographics in the Port Arthur market.​

A portion of the 84,584-sf retail property fully leased to three tenants Hobby Lobby, PetSmart and Party City, has been sold to Agree Realty Corp. 

Baker Katz acquired this property—located on the corner of Hwy. 69 and FM 365—in 2012 and transformed the single-tenant building into a multi-tenant center, bringing new national tenants to the area.

​This is a well-positioned center in a strong trade area that has been repurposed to maximize the property’s location and fulfill the demand of the local residents.

Listen to Podcast 324 for this story​ and lots more.​​​
GlobeSt.com
Beaumont-Port Arthur
Retail
http://www.globest.com/sites/lisabrown/2016/11/11/single-tenant-becomes-multi-tenant-and-grabs-buyer/?slreturn=20161014093937Read more at {Source}

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