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enior Vice President & Director of Research at REOC Austin

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$114M sale of Oaks at Lakeway completed

aus_620SLakeway_austinAfter its attempt to sell The Oaks at Lakeway retail center fell through last year, Stratus Properties Inc. returned to the negotiation table. Its efforts paid off earlier this month with the successful sale of the property to the same buyer who previously experienced cold feet.

TA Realty of Massachusetts, through an affiliate named FHF I Oaks at Lakeway LLC, purchased the center in the tony suburb of Lakeway northwest of Austin for $114 million in cash on Feb. 15, the companies announced. …Read Entire Post

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New development bound for Lakeway’s Bee Creek Road

Lakeway City Council approved Nov. 21 the final plat for The Paddocks at Bee Creek, a commercial development including three office or retail buildings totaling 25,000-30,000 square feet, located on 17.56 acres at 4900 Bee Creek Road, Lakeway.

“If all goes well, construction could begin January or February 2017,” said Thomas Reagan, president of Bee Creek Stables L.P., the property’s owner. The project—set for a portion of an original 50-acre tract that includes Lake Travis Middle School—will feature general office space, and Reagan said the development already has signed long-term leases of 10 years each with both an orthodontist and a dentist.

“We do anticipate that other development will occur on the property in the future, but for now, this is what [the owner/developer is] proposing,” Deputy City Manager Chessie Zimmerman said.

Click here to read the full article: New development bound for Lakeway’s Bee Creek Road Community Impact Newspaper 12-7-2016

Baylor Scott & White buys Lakeway Regional Medical Center

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Baylor Scott & White purchases Lakeway Regional Medical Center.

Baylor Scott & White Health has purchased the operations of Lakeway Regional Medical Center, a hospital west of Austin that has at times experienced financial difficulties in the four years since it was founded, for an undisclosed price.

The facility will be renamed Baylor Scott & White Medical Center-Lakeway and the transition will be complete by the end of the summer, according to a July 6 announcement. Philippe Bochaton, CEO of Lakeway Regional Medical Center, will remain as CEO of Baylor Scott & White Medical Center-Lakeway. …Read Entire Post

Lake Travis area alive with activity

lakewaySignWith plans in the works for major projects in Bee Cave, Lakeway, Hudson Bend and Four Points, a wave of new construction along the RR 620 corridor during 2014 points to continues growth for the region in the coming year.

Some of the highlights are listed below but read the entire article for more details.

Lakeway

Oaks at Lakeway (175,000 sf) – Neighborhood Center anchored by H-E-B; to open Oct. 30th

Lakeway Medical Village – Under Construction  …Read Entire Post

H-E-B to anchor planned Lakeway development

HEBStratus Properties recently announced plans for Lakeview Town Center – a $50 million retail development set to break ground in 2014 in the community of Lakeway.  The proposed project will span approximately 240,000 square feet to include mixed retail and residential space on 75 acres at Glen Heather Drive off of RM 620.   H-E-B will reportedly anchor the project with a 90,000 square foot store.  …Read Entire Post

NAI REOC Austin facilitates sale of two single-family development sites

REOC Austin’s Josh Hubka, CCIM and Joyce Jane Weedman represented CCI Funding I, LLC (Seller) in the sale of two land tracts totaling 68 acres.   The sale included a 39-acre tract on Serene Hills Pass in Lakeway, Texas and a 29-acre tract at 25904 Haynie Flat Road in Spicewood, Texas.  Both properties are entitled for single family development and were purchased by an out-of-town lot developer.

The PJ Shop relocates to Lakeway Town Center

The PJ Shop, a women’s clothing boutique, is relocating to 1,399 square feet at Lakeway Town Center, Phase II. The property is located at 2127 Lohman’s Crossing in Lakeway, Texas. Travis Waldrop and Jolie Schooler represented the landlord.

The PJ Shop specializes in women’s loungewear and pajamas and also stocks unique gift items.

NAI Austin is one of Austin’s most experienced commercial real estate firms and the Austin area representative for NAI GlobalTM, the industry’s largest global network of real estate service providers, comprising 5,000 brokers in 325 offices serving more than 55 countries worldwide. For more information on NAI Austin, please visit www.naiaustin.com.

Papa John’s coming to Lakeway Town Center

Papa John’s has leased 1,304 square feet of space in the Lakeway Town Center, located at 2422 RR 620 South in Lakeway, Texas. Travis Waldrop and Jolie Schooler of NAI Austin represented the landlord.

Papa John’s, a pizza delivery business, was established in Jeffersonville, Indiana. Its first pizza restaurant opened in 1984; there are now over 3,000 locations worldwide.

NAI Austin is one of Austin’s most experienced commercial real estate firms and the Austin area representative for NAI GlobalTM, the industry’s largest global network of real estate service-providers, comprising 5,000 brokers in 325 offices serving more than 55 countries worldwide. For more information on NAI Austin, please visit www.naiaustin.com.

Lakeway Town Center tenant gets rave review

Non La, an Asian cuisine restaurant in the Lakeway Town Center, is given a rave review. Please click here to read the article.

Lakeway Flores Mexican Restaurant relocating

Flores Mexican Restaurant is relocating to 4,280 square feet in the Lakeway Town Center in Lakeway, Texas. The landlord was represented by Sherry Naquin Sanchez and Travis Waldrop of NAI Austin.

Started 30 years ago as a taco stand, the locally owned and operated restaurant features authentic Mexican cuisine.

NAI Austin is one of Austin’s most experienced commercial real estate firms and the Austin area representative for NAI GlobalTM, the industry’s largest global network of real estate serviceproviders, comprising 5,000 brokers in 325 offices serving more than 55 countries worldwide. For more information on NAI Austin, please visit www.naiaustin.com.