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JLL Helps Sell and Finance Large Austin Shopping Center Deal
JLL Capital Markets has closed the sale and arranged the acquisition financing of the 938,103 square-foot Southpark Meadows I & II, which is located in Austin, Texas.
JLL marketed the property on behalf of the seller, and Big V acquired the asset. JLL also worked on behalf of the new owner to secure a senior loan through Allianz.
Built in 2004 and 2008, Southpark Meadows I & II is anchored by a global discount department and grocery store and anchored by Target. Additional tenants include HomeGoods, Marshalls, Ross, Hobby Lobby, Burlington, Dave and Busters, Jo-Ann, Best Buy, Pluckers, Five Below and Rooms to Go. The center is currently 95% leased with approximately 104,000 square feet of new leases, including expansions and relocations of existing tenants.
The JLL Retail Capital Markets Investment Sales and Advisory team that represented the seller was led by Chris Gerard. Chris McColpin and Chris Drew led the JLL Retail Capital Markets Debt Advisory team that represented the buyer.
- ◦Sale/Acquisition
