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High-Performing H-E-B is Centerpiece of Springdale Buy
EDENS recently purchased the Springdale Shopping Center, a 163,145-square-foot retail center anchored by a high-performing H-E-B at 7112-7210 Ed Bluestein Blvd. in northeast Austin, TX. The price was undisclosed.
The 12.58-acre center is fully leased to a diverse and longstanding tenant mix including Ross Dress for Less, dd’s, Dollar Tree, O’Reilly Auto Parts, Subway, KFC and Wingstop. Many of these national tenants have below-market rents, offering future rent growth opportunities.
JLL marketed the property on behalf of the seller, Forge Capital Partners. The JLL seller team was led by Chris Gerard, Ryan Shore, Clint Coe, Erin Lazarus and Zach Riebe.
Springdale Shopping Center pulls from an extended trade area that houses 87,339 residents within a three-mile radius with an average annual household income of $73,137, a 53 percent increase from five years ago. This area posted a 22 percent population growth since 2010 with more anticipated in the next five years.
- ◦Sale/Acquisition
