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South Lamar Taco Mainstay Goes into Contract
Maria’s Taco Xpress, a fixture in Austin’s South Lamar neighborhood since 1997, is shutting down at year’s end. The property has gone under contract to a local, unnamed Austin-based investment company. The sale will be finalized in early November.
This new ownership entity is working with the Weitzman Group’s Britt Morrison and Brett Maze to find the right tenant. Restaurant owner Maria Corbalan said that after Maria’s closes down, “I am giving the business name, equipment and a trailer to my employees of 20 years.”
Brad Bailey, first VP at CBRE, said, “Maria’s Taco Xpress has been a staple of the 78704 community for more than 24 years, first as a food truck and then as the restaurant we all know now. We were glad to find a locally based buyer who will bring the next phase of this location to life.” Bailey and CBRE’s Adam Rabin represented Corbalan.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
