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Endeavor Shops East Austin, Spends $8.1M

AUSTIN-The 86,276-sf, fully leased Govalle Shopping Center is bought from San Antonio-based grocer, H-E-B. Endeavor makes the purchase with a 10-year, fixed-rate loan from Bank of America.

By Tim Green | Updated on July 08, 2002

AUSTIN-Endeavor Real Estate Group has added to its retail portfolio with the purchase of the 86,276-sf Govalle Shopping Center in East Austin. The 100%-leased center is Endeavor’s first retail holding in the east submarket.

Anchored by an H-E-B grocery, other tenants include Auto Zone, Family Dollar, Zerphey Rental and the City of Austin public library branch. Built in 1977, it is at the corner of East Seventh Street and Pleasant Valley Road.

Jeff Newburg, a principal at Endeavor, confirmed that the company bought the center from San Antonio-based H-E-B. He says other information about the purchase will be released in a day or two. Endeavor has more than 800,000 sf in its retail portfolio. Holdings include the 510,000-sf Gateway Shopping Centers in the Arboretum area, 220,000-sf Village at Westlake at Bee Cave Road and Capital of Texas Highway and 110,000-sf Vista Ridge center at RM 620 at Lohman’s Crossing.

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