Bay Towne Plaza

Project Description

Bay Towne Plaza, a regional shopping center built in 1975, was acquired, renovated, redeveloped and expanded by Premier Equities in 1998. Originally built as a 134,830 square foot mini-mall, the center now contains approximately 210,000 square feet of state-of-the-art retail space.

Premier’s redevelopment of the project involved demolition of several small stores, construction of a 30,000 square foot Office Depot, and expansion of the existing Kmart. Subsequent to its purchase of the center, Premier has also acquired 29 acres adjacent to the site, a portion of which has been sold to a local developer for construction of a 150-unit multi-family residential community.

SELLER: Aetna Life Insurance Company
SIZE: 209,875 Square Feet
TYPE: Retail