Cedar Park Town Center brings $39 million

CEDAR PARK – The 182,000-sf Cedar Park Town Center has been sold for $39.1 million, or approximately $432 per sf.

Located at 4601 US 183A, the shopping center is shadow-anchored by Costco and contains several well-established tenants such as Chipotle, In-N-Out Burger, At Home and BJ’s Brewhouse.

The property is situated at the intersection of two major freeways, with visibility and access to more than 73,000 vehicles per day.

The complex is 94.5 percent leased. Retail Properties of America Inc. acquired the property from Houston-based The Ainbinder Co.