Florida investor grabs 58,000 SF at Austin’s Walden Park

AUSTIN – Florida-based PEBB Enterprises has purchased 57,964 sf of the Walden Park shopping center at 10900 Lakeline Mall Dr.

PEBB is partnering with The Retail Connection to aggressively market the space, which was 75 percent empty when they acquired it.

HomeGoods has leased 24,201 sf and will move into PEBB’s portion of the center in first quarter 2015.

Ulta is taking 10,000 sf next door and should open in about a month. Sally Beauty, Good Feet, Subway, Lakeline Dental and a nail salon are also under lease.

Walden Park is owned by three entities — Target Corp., which owns the 171,000-sf SuperTarget; the PEBB property on the east side and then a third investor — Inland American Austin Walden Park LLC represented by The Weitzman Group, which owns about 34,000 sf on the west side.

Family-owned PEBB has been in the shopping center business for more than 40 years and is expanding to the East Coast and some Southern states. Currently, the company owns 1.5 million sf of retail space.