845 E 23rd Street, Panama City, FL
Panama City Crossings is 29,550 SF shopping center anchored by PetSmart. During due diligence and within the first year EG 3 accomplished:
- 11 year Lease Extension with Chili's
- 11 year Lease Extension with PetSmart
- 5 year Lease with Navy Federal
- 5 year Lease with US Armed Forces
Taking the center to 100% occupancy with fresh long-term Lease, EG 3 was able refinance out 60% of its original investment in the first year.
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