Texas retail portfolio sold

Shopping centers built, renovated within last 3 years
Published on Sep 7, 2004

The Houston office of Holliday Fenoglio Fowler closed the sale of a portfolio of five shopping centers totaling 338,000 square feet in Austin, Texas. The total value of the portfolio was not disclosed. HFF managing directors Jim Batjer and Barry Brown marketed the properties–Govalle, Greenlawn Crossing, Shady Hollow Village, Vista Ridge and Walden Park–on behalf of Endeavor Real Estate Group. Archon Group purchased four of the properties, and a private investor bought another. Govalle is situated on 7.5 acres at 2701 East 7th St. and was 100 percent leased at the time of sale to tenants including H.E.B., Auto Zone, Family Dollar, City of Austin and Rent America. The 83,306-square-foot center was renovated in 2001. Greenlawn Crossing is situated on approximately 21 acres at the intersection of Louis Henna and Greenlawn Boulevard in Round Rock. The property was built in two phases completed in 2001 and 2002. Phase I has 105,441 square feet and was fully leased at the tim...

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