AUSTIN, TX—Misuma Holdings, Los Angeles, has acquired Lincoln Village, a 180,000 square foot shopping center located in the heart of Austin. This transaction fits with Misuma Holdings' business strategy of acquiring underperforming but well-located real estate with a turnaround plan to improve the property.
“Lincoln Village has the ingredients required for a successful real estate repositioning. It is in a prime location at the intersection of Interstate 35 & Highway 290. The shopping center is surrounded by several major developments, in a growing and dynamic community,” said Dean Davidov, partner at Misuma Holdings.
Misuma Holdings has not yet announced the details of its strategy for repositioning Lincoln Village, but stakeholders can expect major changes within the year.
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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.
