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Baytown buy: 1.2M-SF San Jacinto Regional MallBaytown buy: 1.2M-SF San Jacinto Regional Mallhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=3392015-07-17T10:21:00Z2015-07-17T09:15:00Z

BAYTOWN - A Fidelis Realty Partners affiliate has acquired the 1.2 million-sf San Jacinto Mall for a major redevelopment.

The mall, built in 1981, is located on the east side of Houston on 107 acres at the southwest corner of I-10 and Garth Rd., and is anchored by Macy’s, JCPenney and Sears.

Houston-based Fidelis said the redevelopment plan, which could take five years to complete, will likely include the demolition of the existing mall and construction of a 1 million-sf open air retail center.

The existing mall anchors, which own their own buildings, will be incorporated into the new development.

San Jacinto Mall is 70 occupied and there is deferred maintenance, said Lynn Davis, head of leasing for Fidelis.

See Houston area NewsTalk and lots of quarterly data at Houston Market Research.

Realty News Report
Houston-The Woodlands-Sugar Land
Retail
http://realtynewsreport.com/2015/07/17/fidelis-realty-acquires-san-jacinto-regional-mall-in-baytown-major-redevelopment-planned/Read more at {Source}

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