400K-sf retail center trades hands in McAllen 

McALLEN – CTO Realty Growth has  acquired Palms Crossing, a 400,000-sf shopping center at 3300 W Expy 83.  The open-air retail center sits on 46.6 acres and is 98 percent leased.  Major tenants include Hobby Lobby, Restaurant Depot, Best Buy, Burlington, Barnes & Noble, and Guitar Center.   The property also includes more than five acres for future development.  WPG was the seller.  The post 400K-sf retail center trades hands in McAllen  appeared first on Texas Real Estate Research Center.