West Woods Shopping Center under new ownership

​AUSTIN – One of the city’s best known retail properties, the 189,340-sf West Woods Shopping Center, has been purchased by Global Retail Investors LLC, an affiliate of First Washington Realty Inc.

The seller, Velocis, purchased the asset in 2012 and invested in signage upgrades, landscaping, and parking lot improvements.

The property, located at the intersection of Bee Caves Rd. and Walsh Tarlton Lane, is 98 percent​ leased and anchored by Stein Mart, Michaels, Petco, and CVS.

HFF brokered the sale on behalf of Velocis. Lincoln Property Company provided property management services, and BKD Realty handled leasing for West Woods. ​