Baker Katz Acquires Retail Building In Pasadena For Value-Add Program

Baker Katz, a Houston-based brokerage and investment firm, has acquired a 22,241-square-foot retail building located at 5445 Fairmont Parkway in Pasadena. The property, formerly a Pep Boys store, was purchased for an undisclosed amount. The acquisition includes a 2.9-acre lot and is part of Baker Katz's strategy to enhance the property through a value-add program.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: Undisclosed
• Address: 5445 Fairmont Parkway
• Market: Pasadena
• Size: 22,241 SF
• Lot size: 2.9 acres

The buyer, Baker Katz, was represented by Ben Brown from the same firm. The seller's representative in the deal was Mark Raines from JLL. Baker Katz intends to implement an internal property enhancement plan to further improve the retail building.