Real Estate Biz Now
Stream Realty Partners, L.P., Retail Division inked more than 100k SF of new deals at the San Pedro Crossing Shopping Center. The shopping center was 57% occupied with the bankruptcy of anchor tenants Linens ‘N’ Things and Circuit City when Stream assumed the leasing assignment in April 2009. The leasing team generated written letters-of-intent from Toys “R” Us / Babies “R” Us, Ross Dress for Less, TJ Maxx, Best Buy, Shoe Carnival, Regency Beauty and Debi’s Bridal. Less than one year after being awarded the assignment, the shopping center is 100% committed with the following new tenants.
Toys “R” Us / Babies “R” Us signed as an anchor tenant, leasing 60k SF with a new 10-year deal. Austin-based SRS Real Estate Partners’ Todd Wallace and Robert O’Farrell represented the tenant.