AUSTIN—Brentwood, Tenn.-based GBT Realty Corp. has acquired a prime retail site in Cedar Park.
Lakeline Commons is a 1.43-acre site shadow-anchored by Target and adjacent to The Home Depot. GBT acquired the outparcel for $1.6 million last month from Regions Bank. No additional terms were available.
"GBT was able to acquire a parcel of land that was highly sought-after by several developers in order to build a property that will provide a useful tenant mix for a very fast-growing community and commercial area," Fraser Schaufele III, vice president, leasing and brokerage, GBT Realty Corp., told GlobeSt.com.
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