BH Properties Increases Texas Activity With Acquisition of Retail Center in Austin

BH Properties continues to expand its Texas portfolio with the acquisition of Round Rock Crossing, a 245,592-square-foot strip retail center in the Round Rock suburb of Austin.

Round Rock Crossing adds to BH Properties’ two million-square-foot portfolio in Central and Southern Texas. BH Properties, which has approximately 40 percent of its 10 million-square-foot commercial and industrial real estate portfolio in the state, has been particularly active in Central and Southern Texas over the past 24 months having invested in excess of $100 million on office, industrial and retail assets. The company recently opened a regional office in Houston to manage its growing portfolio.

According to Scott Henry, BH Properties’ Managing Director of Acquisitions in Dallas, the center went through some hard times with major store closings and tenant bankruptcies. As a result, its occupancy dropped to an historical low. The property was foreclosed on in May 2021 and brought back to market for sale in November 2021. Mart Martindale and Brandon Beeson with Edge Realty Partners represented the undisclosed seller in the transaction.