Houston -- Baker Katz, an X Team International partner and full-service commercial real estate brokerage firm, announced the completion of its 90,000-sq.-ft. redevelopment located in Port Arthur, Texas.
Located at the corner of Highway 69 and F.M. 365, Baker Katz transformed the single-tenant building into a multi-tenant center, complete with significant interior and exterior property renovations, as well as added an additional 7,000-sq.-ft. building. With 100% occupancy, the Port Arthur Center is comprised of national tenants, including Hobby Lobby, Party City, PetSmart, Firehouse Subs, Cash Store, Gulfside Dental and Chipotle.
The 57,300-sq.-ft. Hobby Lobby and 14,000-sq.-ft. Party City are open and fully operating, while the remaining tenants are slated for a late 2015 opening.
“The upgrades completed effectively maximize the property’s layout to deliver a variety of retail and dining options to local residents,” said Kenneth Katz, of Baker Katz.
Baker Katz purchased the Port Arthur building from the Sutherland Lumber Company in 2012.