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Kim_Gatley
Kim Gatley
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enior Vice President & Director of Research at REOC San Antonio

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Mega Furniture inks lease at former K-Mart site in Northeast San Antonio

Arizona-based Accelerated Development Services LLC has purchased the former K-Mart site off Pat Booker Road in a joint venture with Fortune International Properties LLC for an undisclosed sum.

3150 Pat Booker Rd.

3150 Pat Booker Rd.

And the new owners have already landed their first tenant at the 11-acre property, Mega Furniture.

Mega Furniture will occupy 34,000 square feet of the former K-Mart location. It will be the third location for the Arizona-based furniture company. The rest of the space will be redeveloped for more tenants. Demolition of existing storefronts is set to begin next week, and construction will commence in mid-April. Bidding for sites will open April 1.

The property is located at 3150 W. Pat Booker Road, near the southeast corner of the Interstate 35 and Loop 1604 interchange.

Accelerated and Fortune will redevelop the existing building — which also includes building 28,000 square feet of new space on the eastern end of the site. The companies have submitted plans for approval for three separate pad buildings along the 1604 frontage road. Accelerated has called interest in the project, “high.”

Click to read entire article: Mega Furniture inks lease at former K-Mart site in Northeast San Antonio (San Antonio Business Journal, 03-13-15)

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