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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.

Anchored by an HEB Grocery Co. store, The Oaks at Lakeway is expected to have nearly 237,000 square feet of commercial space when built out. Other tenants include the High 5 entertainment center, Twin Liquors, Torchy’s Tacos and Subway.

Click here to read the full article: $114M sale of Oaks at Lakeway completed Austin Business Journal 2-22-2017

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