Done Deals: JLL Capital Markets brokers sale of premier grocery-anchored retail destination, Bar W Marketplace, in the rapidly growing Austin suburb of Leander, TX

Thursday, December 12, 2024

JLL Capital Markets brokers sale of premier grocery-anchored retail destination, Bar W Marketplace, in the rapidly growing Austin suburb of Leander, TX

Erin Lazarus

DALLAS, TX –  JLL Capital Markets has secured the sale of Bar W Marketplace, a premier 189,507-square-foot H-E-B grocery-anchored retail center in Leander, Texas. The price was not disclosed.

Bar W Marketplace, 19348 Ronald Reagan Boulevard, Leander, TX

JLL represented the seller, a partnership led by Barshop & Oles Company. The purchaser was AEW Capital Management. JLL also represented the purchaser to arrange acquisition financing. Manulife Real Estate Finance prevailed in a highly competitive process to provide low leverage fixed rate financing to AEW.

Barry Brown

JLL Capital Market’s Investment and Sales Advisory team representing the seller was led by Senior Managing Directors Barry Brown and Chris Gerard and Director Erin Lazarus. JLL’s Debt Advisory team was spearheaded by Senior Managing Director Doug Opalka and Director Jackson Finch.

"Bar W Marketplace’s sale underscores the strong investor demand for strategically located, core grocery-anchored retail shopping centers," stated Brown. "As Leander continues its transformative growth, we anticipate Bar W Marketplace thriving within this expanding trade area."

Chris Gerard

Bar W Marketplace, located at 19348 Ronald Reagan Boulevard., is strategically positioned at the southeast corner of Ronald Reagan Blvd. and SH-29 in Williamson County.

Leander, located in the bustling North Austin area, is recognized as the 4th fastest-growing city in the U.S. with a population over 50,000 between July of 2022 and 2023.

This vibrant suburb offers an attractive blend of natural beauty and rapid development, fueled by significant population and household growth. The area boasts a consumer spending power of $4.3 billion within a five-mile radius, underpinned by a remarkable 369% increase in households since 2010.

Doug Opalka

Bar W Marketplace is a dynamic, 100% leased community retail center anchored by the renowned H-E-B grocery store.

Built between 2022 and 2024, the property features five ground-leased pads and a diverse mix of national and regional tenants, including Chase Bank, Wells Fargo, Whataburger, Chili’s, Torchy’s Tacos and 7Brew Coffee.

Attracting approximately 2 million visits annually, this bustling shopping destination boasts a strong tenant lineup that contributes significantly to the vibrant commercial landscape of Leander.