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Kim Gatley
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enior Vice President & Director of Research at REOC Austin

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InvenTrust Acquires Grocery-Anchored Center

HEB

InvenTrust Properties Inc. has acquired Kyle Marketplace, a 226,000-square-foot shopping center located in the southern Austin suburb of Kyle, for approximately $59 million. Anchored by H-E-B, the center is currently leased to tenants such as Starbucks, Subway and Whataburger. The seller was not disclosed. …Read Entire Post

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Huge project on the horizon south of Austin

Pecan Woods Location MapWalton Development and Management moved a step closer recently to starting work on a major mixed-use community in Hays County as part of its vast plans for Central Texas. The 763-acre Pecan Woods project passed a key hurdle Aug. 17 when Kyle City Council approved a development agreement to create a public improvement district, Community Impact reports. …Read Entire Post

Kyle Medical Pavilion purchased by Health Care REIT

Kyle Medical Pavilion

Kyle Medical Pavilion

Ohio-based Health Care REIT recently purchased a medical office portfolio including Kyle Medical Pavilion (42,000 sf) located at 135 Bunton Creek Rd. in Kyle, Texas.

Tenants in the three-story facility include Hays Surgery Center, Texan Urgent Care and Austin Pain Associates. …Read Entire Post

Commercial building permits in Kyle perking up again

A burst of residential development as Kyle’s population grew fivefold during the last decade has waned. But 2011 data shows the city has been issuing commercial building permits at a quicker clip.  The city issued 36 commercial building permits in 2011, and total taxable property has also increased from less than $1 billion in fiscal year 2007 to about $1.4 billion in fiscal year 2011.  Of about 75 commercial projects in the works last year, most were in the restaurant and retail trades.  More than 30 businesses opened last year including Panda Express, Little Caesars Pizza and CrossFit Kyle. Among the businesses that reported employment data to the city, 271 full-time jobs were created last year.

Click to read full article: Commercial building permits in Kyle perking up again (Austin American-Statesman, 3-11-12)

In good sign for local retail market, Wal-mart plans four new Austin-area supercenters

Courtesy Austin American-Statesman

In a healthy sign for the Central Texas retail market, Wal-Mart Stores Inc. says it plans to build four new supercenters in the area, with locations in Cedar Park, Manor, Kyle and Elgin.

Each store will be 150,000 square feet and employ about 300 associates, creating about 1,200 jobs, company officials said.  The stores in Kyle, Elgin and Manor will be Wal-Mart’s first entry into those markets. The supercenter planned for Cedar Park would be the second for that area northwest of Austin.

The announcement by the nation’s largest retailer is one of the strongest indications yet that the retail market could be picking up in Central Texas after shoppers reined in spending during the downturn.

Click to read full story: In good sign for local retail market, Wal-Mart plans four new Austin-area supercenters (Austin American-Statesman, 12-1-11)