Velocis shops with $60M buys in AustinVelocis shops with $60M buys in Austinhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=91562012-10-31T10:20:00Z2012-10-31T00:00:00Z

AUSTIN - Velocis Fund LP has bought two retail centers — West Woods Shopping Center and Springdale Shopping Center — that total more than 350,000 sf of retail space. The properties are valued at $60 million.

The 189,340-sf West Woods is located at the intersection of Bee Caves Rd. and Walsh Tarlton Ln. The center is 97 percent leased.

The 163,677-sf Springdale Shopping Center is located in northeast Austin near the new Mueller Airport redevelopment.

This represents the fund's eighth and ninth acquisitions of real estate properties, giving the firm about $160 million in assets. Last year, Velocis purchased the 112,117-sf Ridglea Village in Fort Worth

Dallas Business Journal
Austin-Round Rock
http://www.bizjournals.com/dallas/news/2012/10/25/dallas-investor-buys-60m-in-austin.htmlRead more at {Source}

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