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
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