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Major Shopping Center in Seguin Acquired by Houston Based Commercial Real Estate Investment Team

SEGUIN, Texas  – 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 back filling 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.”

Located in the heart of Seguin’s primary retail node, the Seguin Crossroads Shopping Center features excellent visibility to more than 20,000 vehicles that drive by the Center’s frontage along State Highway 123 Bypass daily. The shopping center features great access with multiple entrance points at lighted intersections. Major area retailers in the vicinity of the Center include Tractor Supply Co., Walgreens, CVS, Office Depot, Planet Fitness, Pet Supplies Plus, Whataburger, and much more. Anchor, junior anchor, and small shop leasing opportunities
are currently available.

“We are thrilled to be working with Joan and Stephen, on the future redevelopment of the Seguin Crossroads Shopping Center. With all the growth that we are experiencing in the City, quality retail space on the 123 Corridor in Seguin is in high demand. The redevelopment of this shopping center will create opportunities for new retailers to enter the Seguin market. This will help expand and diversify the retail options that the citizens of Seguin can access without having to leave the trade area, ensuring the continued growth of our tax base,”
said Josh Schneuker, Director of Economic Development for the City of Seguin.

The City’s booming residential activity, paired with the new jobs being created across the region help make Seguin a prime location for retailers looking to grow and expand. Seguin’s Retail Trade Area Population is more than 120,000, and serves as the retail hub for portions of Guadalupe, Gonzales, and Wilson Counties. Seguin remains to be one of the only major retail stops between San Antonio and Houston on the Interstate 10 corridor.
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