October 18, 2016
Baker Katz sold its 84,584-square-foot multi-tenant, 100% net-leased retail property in Port Arthur, TX to Agree Realty Corp. The sales price was not disclosed, but the Jefferson Central Appraisal District valued the property at $4.3 million. Ryan West and Matt Berry with HFF led the team representing Baker Katz in the transaction.
The retail center is situated on 4.75 acres at 2770 Hwy. 365. The property delivered in 1996, and was renovated in 2014. Tenants are Hobby Lobby, Party City and PetSmart, with Walmart a shadow anchor. Baker Katz acquired the property in 2012.
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