Part of Austin’s biggest shopping center brings $271MPart of Austin’s biggest shopping center brings $271Mhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=136552016-06-27T05:00:00Z2016-06-27T20:00:00Z

​AUSTIN - A large portion of Southpark Meadows shopping center, the biggest development of its kind in the Austin area, has changed hands. 

The Blackstone Group purchased Phases I and II of the South Austin regional shopping center—about 910,000 sf—from Canada-based RioCan real estate investment trust.

The deal—part of a $1.9 billion, 50-property portfolio sale—recently closed after being announced last year.

Data provided by Real Capital Analytics, a global data company, indicates an allocation of $270.8 million for the Southpark Meadows portion of the deal.

As part of the trade, Blackstone also acquired nearby Stassney Heights, a 102,916-sf strip center.

Collectively, Southpark Meadows​ I, II and III represent the largest shopping center in Austin with 1.52 million sf.​​​​

Austin Business Journal
Austin-Round Rock

​See​ Austin Retail Market Research for up-to-date quarterly information.​

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