Nov 10

Eastgate Plaza and Matagorda

Williamsburg purchased a portfolio from a CA group which comprises two distressed shopping centers in Wharton and Baycity. The Eastgate property was 60% occupied and now it is at 85% occupancy. Wharton has a great college system. . Major renovation is finished and we have since commenced a multimillion dollar renovation on the Bay city property. Tenaris, South Tx power plant and Chevron Phillips are creating thousands of jobs in Bay City.