Toys 'R' Us Leases 60,000 SF

SAN ANTONIO-Toys “R” Us/Babies “R” Us has leased 60,000 square feet at San Pedro Crossing, completely filling the shopping center.

Just one year ago, the 207,120-square-foot shopping center was 57 percent occupied after losing anchor tenants Linens ‘N’ Things and Circuit City. Dallas-based Phoenix Property Co., which serves as asset manager for the center’s owner, IBV Bank of Germany, brought on Stream Realty Partners’ Retail Division to handle leasing.

Since then, the Stream Realty team has inked more than 100,000 square feet of new deals at the center, which is located at 327 NW Loop 410. Toys “R” Us/Babies “R” Us committed to a 10-year lease as an anchor tenant and will open this fall, according to Robin Smith, co-managing partner in Stream Realty Partners’ Retail Division.