Retail Development
Pecan Plaza
- Location
- Missouri City, TX
- Size
- 53,816 Sqf
- Deal Type
- Acquisition
- Strategy
- Value-add
- Year
- 2017
- Net Investor Return
- 91%
- Net Annual Return
- 33%
- Hold Period
- 2.75 Yrs.
- Equity Multiple
- 1.91x
Institutional Owner bought 45 properties during the downturn and did not give attention to its only property in Houston. 40% occupied with an additional 10% recently executed leases. An entrepreneurial owner could significantly increase cash flows and occupancy by being proactive and tenant-friendly. Offering “easy to understand” leasing contracts, tenant improvement dollars, improving signage, and landscaping can truly revive this family neighborhood center.