Venture Commercial Real Estate’s Investment Sales team has completed the acquisition of an 11,200 square foot multi-tenant retail center located in the city of Pflugerville, a suburban community in the North Austin trade area.
The Shops at 685 is located on 2.1 acres at 2424 FM 685, near the highly trafficked intersection of Texas Toll Roads SH 130 and SH 45. Tenants include Einstein Bros. Bagels, Pie Five Pizza Co., Chipotle and Mattress Firm.
John Zikos, Jonathan Cooper, Christopher M. Gibbons and Don Miller of Venture’s Investment Sales team represented the buyer, Callaghan Ranch, Ltd. Tim Allen of Jones Lang LaSalle Americas Inc. represented the seller, CSW Pflugerville, LLC.
“Interest levels continue to be strong from both foreign and domestic investors in income-producing retail properties located in and around major Texas markets that are benefitting from extremely high population growth,” said Miller, a senior vice president with Venture.
The Investment Sales team recently represented Callaghan Ranch in the acquisition of a Raising Cane’s restaurant adjacent to the Shops at 685.
About Venture Commercial
Venture Commercial Real Estate is a leader in retail brokerage services throughout the Southwest and is dedicated to each client’s success. The company’s full-service real estate platform includes landlord and tenant representation, property management, land sales, disposition and investment sales. Venture also provides strategic market planning and site selection for restaurant and entertainment clients through its Venturetainment team. Venture is the D-FW partner of X Team International, a network of retail real estate advisors with expertise across the U.S., Canada and Europe. For more information, visit venturedfw.com.