Marcus & Millichap brokers sale of Baybury Square shopping center portfolio in Richardson, Texas

Marcus & Millichap arranged the sale of the 51,542-square-foot Baybury Square Shopping Center portfolio in Richardson, Texas.

• The portfolio spans 10.88 acres at 900 E. Belt Line Rd. and comprises two multi-tenant centers plus two freestanding buildings built in 1966.
• The asset was about 64% occupied at closing, positioning it as a value-add retail investment with lease-up potential.
• The local developer buyer plans leasing, tenant-mix upgrades and repositioning, then a review of longer-term redevelopment options.