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Austin, Texas — A Texas-based private real estate fund advised by Crow Holdings Capital Partners acquired the property.
Austin, Texas — CBRE’s national retail investment group has brokered the sale of The Market at Parmer Lane, a 122,349-square-foot, grocery-anchored center in North Austin. The center is located at the southeast corner of Parmer Lane and MoPac Expressway. H-E-B Grocery anchors the property, which is more than 93 percent occupied.
Chris Cozby and Chris Gerard with CBRE’s Dallas office, along with Kevin Holland of the firm’s Houston office, represented the seller, LPC Retail, a division of Dallas-based Lincoln Property Co. The buyer was a Texas-based private real estate fund advised by Crow Holdings Capital Partners.