Mar
20
GBT to Develop 2 Retail Centers in Southeast
ByThe company has acquired two sites for $1.7 million, on which it plans to develop two unanchored shopping centers.
Baton Rouge, La. & Broken Arrow, Okla.—GBT Realty Corp. acquired two undeveloped sites for a collective $1.66 million. The company intends to develop two unanchored shopping centers in Baton Rouge, La. and Broken Arrow, Okla.
GBT purchased a .86-acre site from Target along Millerville Road in Baton Rouge, La. The 6,600-square-foot center shadow-anchored by Target, Best Buy and Office Depot was 100 percent pre-leased at the time of the deal. The site located at the nexus of 2001 Millerville Road and I-12 traded for $810,000…
GBT to Develop 2 Retail Centers in Southeast
