JLL closes sale of Austin, TX neighborhood retail center

 

Chris Gerard

AUSTIN, GA – JLL announced it has closed the sale of West Creek, a 53,338-square-foot, Gold’s Gym-anchored neighborhood retail center in southwest Austin, Texas.

JLL marketed the property on behalf of the seller. Dallas-based RAMROCK Real Estate LLC purchased the asset free and clear of existing debt.

Anchored by Gold’s Gym, West Creek is 100% leased to a mix of national, regional and local internet-resistant tenants, including Great Clips, Palm Beach Tan, Cypress Grill, West Creek Dental, Yanagi, Smoothie Factory, Kumon Math & Reading and Edward Jones.

The center is situated on 9.27 acres at 4404 West William Cannon Drive in an established retail enclave near where West William Cannon Drive intersects with the MoPac Expressway.

Ryan Shore

West Creek is surrounded by some of Austin’s most prominent and exclusive residential communities, including Circle C Ranch, the Village at Western Oaks, Belterra, Sunset Valley and Loma Vista, and more than 89,700 residents earning an average annual household income exceeding $113,700 live within a three-mile radius of the property.

The JLL Capital Markets team was led by Senior Managing Directors Chris Gerard and Ryan Shore, Director Drew Fuller and Analyst Josh Villarreal.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. 

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. 

Drew Fuller

The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.

Deal secured by Holliday GP Corp. (“HFF”) prior to being acquired by JLL on July 1, 2019. Co-brokerage services provided by Jones Lang LaSalle Americas, Inc.                                                                                                                                                                                            

About RAMROCK Real Estate LLC

Formed in late 2017, RAMROCK Real Estate LLC is a Dallas-based private real estate investment firm seeking stabilized, value-add, and development opportunities in the office, retail, multifamily, industrial and land sectors throughout the United States.

West Creek, a 53,338-square-foot, Gold’s Gym-anchored neighborhood retail center in southwest Austin, TX

 Since its formation, RAMROCK has acquired over $1.4 billion of real estate assets located in Atlanta, Austin, Baton Rouge, Denver, Dallas-Fort Worth, Houston, New York, Phoenix, San Antonio and Tulsa.

Contact:

Kimberly Steele

Digital Content/PR Specialist

JLL Capital Markets

9 Greenway Plaza, Suite 700

Houston, TX  77046

T +1 713 852 3420

Kimberly.Steele@am.jll.com

us.jll.com/capitalmarkets

jll.com