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 time of sale to tenants including H.E.B., Maudies, Blockbuster Video, Verizon Wireless and Starbucks. Phase II has 22,500 square feet and was 75 percent leased to tenants including Palm Beach Tan, Tanoshii Japanese and Cold Stone Creamery.
Located at 9901 Brodie Lane, Shady Hollow Village is a 41,690-square-foot retail property completed in two phases. Phase I, situated on 8.4 acres, was completed in 2002 and was fully occupied by tenants including Washington Mutual, Whataburger, Twin Liquors and TGF Haircutters. Phase II, completed in 2003, is situated on 3.2 acres and was 72 percent leased to tenants including Maudies, Brick Oven, Austin Tan and Baskin Robbins.
Vista Ridge is located at 2303 RR 620 on 13 acres in Lakeway. The property, totaling 25,792 square feet, was completed in 2001 and was 100 percent leased at closing to tenants including Guadalajara Restaurant, Blockbuster Video, Washington Mutual and Subway. The center is shadow anchored by a Randall’s Foodstore.
Walden Park was completed in February 2004 and is located on more than nine acres at 10900 Lakeline Mall Drive. This property has 57,191 square feet of space and was 77 percent leased to tenants including Michael’s, Shoe Carnival, Catherine’s and Kim Phung. The center is shadow anchored by a Super Target.
HFF, which operates 17 offices nationwide, provides a variety of real estate services.
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