Mar 1, 2017
Cold feet no more! Oaks at Lakeway brings $114M
AUSTIN – After its attempt to sell The Oaks at Lakeway retail center fell through last year, Stratus Properties Inc. returned to the negotiation table. Its efforts paid off earlier this...
AUSTIN – After its attempt to sell The Oaks at Lakeway retail center fell through last year, Stratus Properties Inc. returned to the negotiation table.
Its efforts paid off earlier this month with the successful sale of the property to the same buyer who previously experienced cold feet.
TA Realty of Massachusetts purchased the center in the tony suburb of Lakeway northwest of Austin for $114 million in cash on Feb. 15.
Anchored by an H-E-B Grocery Co. store, The Oaks at Lakeway is expected to have nearly 237,000 sf of commercial space when built out.
Other tenants include the High five entertainment center, Twin Liquors, Torchy’s Tacos and Subway.
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