Jodie W. McLean Of EDENS Acquires Gateway Shopping Center From Christopher Conlon Of Washington Prime Group
9607 Research Boulevard
Building Size
480,000 SF
Asset Type
Retail
Closing
Feb 23, 2026
AI
The retail property involved in the transaction is located at 9607 Research Boulevard in Austin. It encompasses a total square footage of 480,000 and spans across 46 acres. The center was constructed in 1993 and is currently home to major retailers, including Whole Foods Market, Ulta Beauty, and Nordstrom Rack. Renovations are set to commence later this year.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Buyer: Jodie W. McLean - EDENS
- Seller: Christopher Conlon - Washington Prime Group
- Address: 9607 Research Boulevard
- Market: Austin
- Asset Size: 480,000 SF
- Land Size: 46 Acres
- Year Built: 1993
Jodie W. McLean represents EDENS in the acquisition of the Gateway Shopping Center from Christopher Conlon, who represents Washington Prime Group. The deal includes plans for upcoming renovations to enhance the retail space.
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