Ironwood Real Estate Sells Vintage Plaza Retail Center in Austin

JLL closes sale of retail center in northern Austin
Vintage Plaza Austin

October 14, 2019 – JLL announced today that it has closed the sale of Vintage Plaza, a three-building strip center totaling 40,612 square feet in the northern Austin community of Round Rock, Texas.

JLL marketed the property on behalf of the seller, Ironwood Real Estate. SITE Centers Corp. purchased the asset free and clear of existing debt.

Completed in 2003, Vintage Plaza is 93.4% leased to a mix of national and popular local retailers, including Men’s Wearhouse, Bamboo Nails & Spa, Burn Boot Camp, La Frontera Dental, Chase Bank, and Brooklyn Pie Company. The property is situated on 4.13 acres at 2711 La Frontera Boulevard at the confluence of one of Austin’s most heavily traveled intersections, SH-45 and Interstate 35, which has a combined traffic count of approximately 290,000 vehicles per day. Vintage Plaza is in La Frontera, a 330-acre, master-planned development containing more than one million square feet of retail; 1,500 multi-housing units; approximately 2.5 million square feet of existing and planned office space; and three hotels, including the only full-service hotel in the county. Located in Williamson County, the property is situated within one of the fastest-growing areas in the nation, as more than 83,000 people living within a three-mile radius.

The JLL Capital Markets team was led by Managing Directors Cathy Nabours and Walter Saad and Analysts Kyle Shaffer and Josh Villarreal.

Categories
AustinCommercialDealsNationalRetailSalesSouth

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