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New York REIT Acquires Oaks At Slaughter Retail Center In South Austin From SITE Centers

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SOLD

Texas

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Retail26,000 SF
Sold 09/29/2023
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SOLD

New York REIT Acquires Oaks At Slaughter Retail Center In South Austin From SITE Centers

8601 South Congress Avenue

See Similar Deals
Retail26,000 SF
Sold 09/29/2023
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Summary

TEXAS
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:26,000 SF
Transaction Type:Sale

The Oaks at Slaughter retail center, located at 8601 South Congress Avenue in Austin, has been sold in a property transaction. The buyer is a New York-based REIT, and the seller is SITE Centers. This retail center spans 26,000 square feet and is strategically positioned in a rapidly growing submarket with high investor demand for retail assets in Central Texas. The property is currently 94% leased and is home to popular tenants such as Torchy's Tacos and Ramen Tatsuya. With its proximity to an H-E-B supermarket, it offers convenient access for both tenants and customers.

Summary of Transaction Details

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Square Footage: 26,000 SF
  • Address: 8601 South Congress Avenue
  • Market: Austin

The seller of the Oaks at Slaughter retail center is SITE Centers, represented by David Lukes. The buyer's side was supported by Cathy Nabours and Kyle Shaffer from SRS Real Estate Partners. This transaction signifies the strong interest from investors in retail assets in Central Texas, particularly in rapidly growing submarkets such as the location of the Oaks at Slaughter retail center.

Players

Cathy Nabours
11 deals
BROKER

Kyle Shaffer
SRS Real Estate Partners
11 deals
BROKER

David Lukes
SITE Centers
28 deals$1.6B volume
SELLER

Details

SOLD
IMAGE: David Lukes, Cathy Nabours & Kyle Shaffer DATE: 09/29/2023 ADDRESS: 8601 South Congress Avenue MARKET: Austin ASSET TYPE: Retail ~ SF: 26,000 SELLER: SITE Centers - David Lukes BROKERS: Cathy Nabours (@CupcakeNabours) & Kyle Shaffer - SRS Real Estate Partners (@SRSRealEstatePartners) NOTE: A New York-based REIT has purchased the 26,000-square-foot Oaks at Slaughter retail center in South Austin from SITE Centers. The property, with tenants including Torchy’s Tacos and Ramen Tatsuya, is 94% leased and strategically located near an H-E-B in a rapidly growing submarket with high investor demand for retail assets in Central Texas.

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