Asana Partners Acquires The Arboretum Shopping Center In Austin For Retail Renovation
10000 Research Boulevard
Building Size
197,105 SF
Asset Type
Retail
Closing
Mar 2, 2026
About this deal
AI
The asset involved in this transaction is a retail property located at 10000 Research Boulevard in Austin, encompassing a square footage of 197,105. This transaction is part of the Austin market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 10000 Research Boulevard
- Market: Austin
- Buyer: Terry S. Brown, Sam Judd & Jason Tompkins - Asana Partners
Asana Partners has acquired The Arboretum shopping center and intends to undertake renovations, including the reconfiguration of common areas for live music and dining. Sitework is expected to commence this summer, with completion projected for early 2027.
On the Map
Retail
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Players
Austin Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93