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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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Global Medical Acquires Hospital in Austin

Maryland-based Global Medical REIT Inc. has acquired Central Texas Rehabilitation Hospital, a 59,000-square-foot healthcare property located at 700 W. 45th St. in Austin, for roughly $40.6 million. The inpatient hospital features 50 beds and is leased to a joint venture between subsidies of healthcare providers Kindred Healthcare and Seton Healthcare.

Click here to read the original article: Global Medical Acquires Hospital in Austin REBusiness 9-29-2017

Reported mega-deal Acquisition by Brandywine

Real Estate Alert, an insider real estate publication, reports that Brandywine Realty Trust and its Austin portfolio partner, DRA Advisors LLC, will sell five office properties in their joint venture to Starwood Capital Group, a Connecticut-based investment company. …Read Entire Post

Retail Center sold in Northwest Austin

The Grove at Lakeline, a 16,253-square-foot retail property in Austin was purchased by a limited liability firm for an undisclosed price. Located at the northwest corner of State Highway 183 and Ranch Road 620; the center houses tenants such as Mattress Firm, T-Mobile and Orangetheory Fitness.

Click here to read the original article: Retail Center sold in Northwest Austin REBusiness 9-11-2017

Boston investor acquires one of Austin's newest skyscrapers

 

Austin downtown skyline.

Austin downtown skyline.

The downtown Austin office tower dubbed “5th+Colorado” has sold for a stunning $663 per square foot — a total of nearly $119 million, according to Real Capital Analytics. The buyer was Intercontinental Real Estate, a Boston-based company that owns other office assets in Austin.

The seller was a joint venture of Goldman Sachs and Lincoln Property Co., an avid developer and commercial real estate brokerage in Austin. Michael McDonald of Eastdil Secured handled the deal. …Read Entire Post

The Parke finds a buyer

TheParkeThe Parke was recently sold to InvenTrust Properties Corp. for $112 million. The 404,000-square-foot center is anchored by the only Texas location of 365 by Whole Foods Market, the smaller, tech-centric concept from Austin-based Whole Foods Market Inc. …Read Entire Post

Austin real estate investment firm buys 3M campus

3m-logo3M Co. has agreed to sell its 156-acre Northwest Austin campus and shift operations to a major office park rising on the northeast side of the city.

The new building to be home to 3M will be in the Parmer business park, near Parmer Lane, Howard Lane and Harris Ridge Boulevard. The development, east of I-35 and the Shops at Tech Ridge, is being built by Trammell Crow Co. and Los Angeles-based Karlin Real Estate. …Read Entire Post

Austin developer buys downtown IHOP site

ihop-logoThe IHOP at Interstate 35 and East Cesar Chavez Street was acquired late last year by WC 707 Cesar Chavez LLC, an entity the Texas Secretary of State says is linked to World Class Capital Group.

A purchase price was not disclosed. The Travis Central Appraisal District valued the .77-acre site at 707 E. Cesar Chavez St. at $8.1 million last year, up from $5.4 million in 2015. …Read Entire Post

Two Properties at The Domain change hands

Domain 7 Rendering courtesy Endeavor

Domain 7 of The Domain.

Domain 2 and Domain 7 have been acquired by Dallas-based Tier REIT, Real Capital Analytics reports. Endeavor Real Estate Group was backed by Shorenstein Properties in the development of Domain 7, which was just purchased by Tier REIT, a Dallas company. …Read Entire Post

Adler Kawa Acquires Kramer 1-5 at Braker Center

Miami, FL-based real estate investment firm Adler Kawa Real Estate Advisors (AKREA) secured its first investment in Austin with the company’s acquisition of Kramer 1-5 at Braker Center (Kramer), a portfolio comprised of five single-story light industrial buildings that total 296,781 square feet on Kramer Ln.

Built in 1999 less than one mile from The Domain and the University of Texas-JJ Pickle Center, the Kramer business park buildings range in size from 50,012 square feet to 68,400 square feet and incorporate 21-foot clear heights and efficient floor plates. …Read Entire Post