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Investor acquires Harlingen retail center

Investor acquires Harlingen retail center

DALLAS—A D-FW-based LLC has acquired 1610 Tyler Avenue, an 8,9678-square-foot neighborhood retail center located at the southwest quadrant of E. Tyler Avenue and S. 77 Sunshine Strip in Harlingen.

Evan Altemus handled negotiations for the seller, a McAllen-based company.

The center, located on a .24-acre parcel, features a pizzeria and a chiropractor. The purchaser acquired the center as a value-add investment with plans to re-tenant its available spaces.

. The project benefits from its visible and accessible location in a trade with more than 60,000 residents and nearly 20,000 households within a three-mile radius.

The center also benefits from the traffic in the area created by national and regional tenants such as Walgreens, Whataburger, T-Mobile, H-E-B and others.