PlaceMKR Acquires Pharr Retail Property in $31.85 Million Deal
· Texas Border Business
PlaceMKR, a real estate investment firm based in Austin, has purchased an At Home retail property in Pharr for $31.85 million as part of a larger acquisition of five properties across Texas, Mississippi, and Ohio. The Pharr location, situated at 600 W. Kelly Ave., is part of a portfolio acquired from LCN Capital Partners. The properties, totaling about 534,000 square feet, are leased to At Home under long-term agreements. PlaceMKR co-founders noted that the deal allows them to acquire high-quality assets at a lower cost than new constructions, with plans for further commercial development in the McAllen area.
AI summary · Source: Texas Border Business →
