WACO - An investor who owns local GymX workout facilities purchased the 33,500-sf Linens N Things building at 4809 W. Waco Dr.
The new owner will lease the entire building to a single user or divide it up into as many as four spaces. Lease rates will range from $7 to $12.50 per sf, with the rate going down as the amount of space taken increases.
Lessees also will pay $2.20 to $2.60 per sf monthly to cover the cost of insurance, taxes and maintenance
Local economic trends indicate spending is growing. Area spending in March was $158 million, $5 million more than in March 2012, according to Amarillo-based economist Karr Ingham.
Spending for first quarter was $559 million in Greater Waco, exceeding the previous high set in 2008, according to Ingham’s index that dates back to 2000.
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