SRS Real Estate Partners Facilitates Sale of The Shops at Greenlawn in Round Rock, Texas

SRS Real Estate Partners has successfully brokered the sale of The Shops at Greenlawn, a 22,970-square-foot multi-tenant retail center located in Round Rock, Texas, within the Austin metropolitan area. The property, situated at 3200 Greenlawn Boulevard, was sold by Mathias Partners, an Austin-based investment and development firm, to an out-of-state global real estate investor. The transaction underscores the high demand for retail assets in regions with strong demographic growth, particularly in Central Texas where new housing developments have significantly outpaced retail construction.

The SRS Capital Markets team, including Managing Principal Cathy Nabours, Vice President Kyle Shaffer, and Senior Associate Sam Nichols, represented the seller in this deal. Nabours noted the exceptional interest from investors, stating that the team received multiple offers for the 92%-occupied center, which houses nine tenants. Shaffer emphasized that the acquisition aligns with the buyer's strategy to invest in high-quality, unanchored retail centers that offer essential services.

The Shops at Greenlawn's strategic location near Dell Computers' headquarters and across from a H-E-B Grocery center, coupled with the upcoming development of The District—a 65-acre mixed-use project—positions the retail center in a prime spot for future growth. This sale marks the third multi-tenant shopping center transaction completed by the SRS team in the last three months, contributing to the firm's impressive year-to-date deal volume of over $1.2 billion across more than 350 transactions nationwide.

The transaction not only reflects the vibrancy of the Central Texas retail market but also signals the broader trend of investors seeking stable, essential service retail properties in high-growth areas. With over 845 properties currently on the market valued at more than $3.7 billion, SRS Real Estate Partners continues to play a pivotal role in shaping the commercial real estate landscape.