Rob Gandy Of The Town Lake Company Acquires 45,000 SF Mixed-Use Property In Austin From San Gabriel Ltd

A mixed-use property was sold, located at 2905 San Gabriel Street, Austin, TX. The asset encompasses 45,000 square feet and consists of office, medical office, and retail space. The property has about 8% vacancy and is set to undergo cosmetic upgrades by the new owner.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: Not disclosed
• Address: 2905 San Gabriel Street
• Market: Austin, TX
• Buyer: Rob Gandy - The Town Lake Company
• Seller: Dan Herd & Jim Holden - San Gabriel Ltd

The Town Lake Company acquired Gabriel’s Court, marking its first sale since the property was developed in 1986. The acquisition strategy includes plans to lease up the property following the upgrades.