AUSTIN, TX—A private investor from Houston purchased Highland Commons, a 39,739-square-foot shopping center at the northeast corner of Airport Boulevard and Koenig Lane. The seller was Westwood Financial Corp. of Los Angeles. Highland Commons is anchored by Spec's Wine, Spirits & Finer Foods. Other tenants include Kick Butt Coffee, Eyemart Express, Highland Donuts, Whitehead Chiropractic and Y2K Nails. The property is 97 percent occupied.
According to Weitzman Groups Brad Bailey, who represented seller, Westwood Financial had owned the property less than a year and decided to restructure its investments outside of retail ownership, Bailey said.
Click Austin Business Times to read the full story.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
