Austin: REIT buys 129,000-SF Davenport Village

AUSTIN – Houston-based Whitestone REIT purchased the 129,000-sf Davenport Village retail center in an affluent area of West Austin near Pennybacker Bridge.

The center is 87 percent leased with 34 tenants, including restaurants Opal Divine’s, Maudie’s and 360 Uno Trattorio.Based on information from the Travis Central Appraisal District, the property includes two parcels — collectively about 15 acres.

Buildings and land were most recently appraised at approximately $30 million.