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

SEGUIN, TX – 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. 

For more information regarding the Seguin Crossroads Shopping Center, please visit: https://edge-re.com/property/seguin-crossroads/

####

About The City of Seguin, Texas

Seguin, Texas is a rapidly growing community with a population of about 31,000 residents located along Interstate 10, just thirty-five minutes east of Downtown San Antonio, one hour south of Austin, and two and a half hours west of Houston. Residential development in Seguin is growing at a record pace. There are currently more than twenty new residential subdivisions under construction within the City Limits. In addition, the City of Seguin has issued nearly 2,000 residential building permits over the past two years. Given the current pace of residential growth that the City is currently experiencing, City Officials anticipate that Seguin’s population could double over the next 10 years.

The City of Seguin and the surrounding area continue to see new jobs being created in our region. Since 2019, several noteworthy economic development projects have been announced in our area such as AW Texas, Teijin Automotive Technologies, and United Alloy. Combined, these three projects will help create over 1,200 new manufacturing jobs within the Seguin region.

Manufacturing is the heart of the Seguin economy. Big name corporations such as Caterpillar, Vitesco Technologies, Tyson Foods, Georgia Pacific, Niagara Bottling, Hexcel, and CMC Steel all have major manufacturing operations within the City. The Seguin area has over 4,000 manufacturing jobs just within our city limits; this is more than three times the national average. Seguin’s proximity to San Antonio and Austin enables businesses to tap into a large, diverse, and skilled labor pool.

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.