Austin Retail Center Picked Up by Westwood Financial

Westwood Financial purchased Trails at 620 from Partners Capital. Partners originally purchased the Austin site in 2020 as part of a previous investment fund.

Trails at 620 is a 69,037-square-foot retail property on 15 acres at 8300 N. Farm to Market 620. Tenants at the retail strip include Action Behavior Center, AT&T, Freebirds and Green Mango, and the property is 80% leased up.

The Austin Business Journal reports Westwood Financial, the buyer, operates a portfolio of more than 125 similar shopping centers across the country in markets that include Atlanta, Charlotte, Dallas, Denver, Jacksonville, Los Angeles, Orlando, Phoenix and Raleigh. Trails at 620 is its only Austin-area property, though it owns several in the Dallas-Fort Worth area and in Houston.

Partners says it’s an Outsourced Investment Office acting for distinguished endowments and foundations, senior investment professionals and prominent families across the globe, with $60B in assets under management.