ROUND ROCK, TX-CBRE's National Retail Investment Group has been selected to market Boardwalk Shopping Center, a super-regional power center in Round Rock, Texas.

The 184,598-square-foot center possesses a highly coveted position at the confluence of two major highways, Interstate 35 and State Highway 45, with excellent visibility and exposure to more than 447,000 vehicles daily. There are approximately 231,000 residents within a five-mile radius of the property, speaking to the density of the city. Since 2000, the population has grown 73% and the city has consistently ranked as the second fastest-growing U.S city by the U.S. Census Bureau. Within the next five years, the population is projected to grow an additional 13.54%.

The property, built in 1996, is 98.6% occupied and anchored by a collection of national retailers, including Ross, PetSmart, Office Max and Party City. The property benefits from strong occupancy with a weighted average historical occupancy of 11.8 years and limited rollover with 69% of its tenants not experiencing lease expiration until 2018 and beyond. The property's consistent occupancy, high tenant retention and strong presence of national retailers are a powerful testament to Boardwalk Shopping Center's long-standing attractiveness and stability.

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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.