SEGUIN – Houston-based commercial real estate investment group PBC Interests, led by Joan Collum and Stephen Pheigaru have purchased the Seguin Crossroads Shopping Center located at 1500 E. Court Street in Seguin, Texas, their second retail acquisition during the COVID-19 pandemic.

Built in 1985, plans are being finalized to redevelop the 126,000 square foot regional shopping center to include painting the exterior, new lighting, reconfiguration of the parking layout, and tenant sign bands. At the time of purchase, the Center’s occupancy was 32%. Currently, PBC Interests are in discussions with both national, regional, and local tenants and anticipate completion of the redevelopment and tenant’s opening in the Spring of 2023. Charles Blaschke and Logan Havel with the Houston office of Edge Realty Partners are actively marketing on behalf of PBC Interests.

“We are thrilled to have acquired the Seguin Crossroads Shopping Center,” said Joan Collum of PBC Interests. “I have been interested in the Seguin market for years and always had my eye on Seguin Crossroads, when it became available it was a major focus for us to acquire this property. The Center is located within close proximity to retail anchors such as H-E-B and Walmart, as well as major employers such as Guadalupe Regional Medical Center, Alamo Group, and Seguin ISD. Seguin has always been a stand-alone market, but with this redevelopment, and the proposed national soft goods users backfilling the former Bealls on the west side of State Highway 123, Seguin has become a target for more retailers. Our initial conversations with the City of Seguin and the Seguin EDC on this Project have been very positive and we look forward to working with the folks in Seguin for many years to come.” Click to read more at www.smcorridornews.com.