Thursday, February 18, 2016

HFF closes sale of West Woods Shopping Center in Austin, TX

West Woods Shopping Center, 3267 Bee Cave Road, Austin, TX

Jim Batjer
DALLAS, TX  – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of West Woods Shopping Center, a 189,340-square-foot shopping center anchored by Michaels, Stein Mart and Petco in Austin, Texas. 

HFF arranged the sale of the property on behalf of the seller, Velocis.  An institutional joint venture purchased the asset for an undisclosed amount.  Additionally, HFF is engaged to arrange post-acquisition financing for the buyer.

The 98-percent-leased West Woods Shopping Center is also home to CVS Pharmacy, Train for the Game, My Fit Foods, Sports Clips, U.S. Post Office, Great Harvest Bread Company, Massage Envy, Pure Barre, Oasis Dance Spa, Tiff’s Treats and Mattress Firm. 

The three-building center has two outparcel pads leased to Raising Canes and Taco Bell.  Situated on 18.56 acres at 3201 and 3267 Bee Cave Road, West Woods Shopping Center is at the intersection of Bee Cave Road, a main east-west artery, and Walsh Tarlton Lane, a main north-south artery.

 The center is surrounded by two of Austin’s most upscale neighborhoods, West Lake Hills and Rollingwood.

The HFF investment sales team representing the seller was led by senior managing directors Jim Batjer and Barry Brown.

The HFF debt placement team representing the new owner is being led by senior managing director Douglas Opalka and director Robert Wooten.

For a complete copy of the company’s news release, please contact: 

Kristen M. Murphy
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

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