FAQ: Sale of The Shops at Greenlawn by SRS Real Estate Partners

What is The Shops at Greenlawn?

The Shops at Greenlawn is a 22,970-square-foot retail center located at 3200 Greenlawn Boulevard in Round Rock, TX, which was recently sold by SRS Real Estate Partners.

Who represented the seller in the sale of The Shops at Greenlawn?

SRS Capital Markets Managing Principal Cathy Nabours, Vice President Kyle Shaffer, and Senior Associate Sam Nichols represented the seller, Mathias Partners.

Who purchased The Shops at Greenlawn?

The buyer was an out of state, global real estate investor, as part of their strategy to acquire unanchored high-quality essential service retail centers.

Why is the sale of The Shops at Greenlawn significant?

The sale highlights the high demand from investors for retail assets in strong demographic regions, especially in areas where new housing subdivisions have outpaced new retail construction.

What is the occupancy rate of The Shops at Greenlawn?

The Shops at Greenlawn was 92%-occupied at the time of sale, housing nine tenants.

What makes the location of The Shops at Greenlawn attractive?

The property is near Dell Computers’ headquarters, across from a H-E-B Grocery center, and adjacent to the future site of The District, a dynamic retail and residential project.

How does this sale reflect on SRS Real Estate Partners’ recent activity?

This sale marks the third multi-tenant shopping center the SRS team has sold in the past three months, showcasing their active role in the retail real estate market.

What is the total deal volume SRS Capital Markets has completed this year?

SRS Capital Markets has completed more than $1.2 billion in deal volume this year, comprising over 350 transactions nationwide.

How can I learn more about SRS Real Estate Partners?

For more information, visit their website at srsre.com.