AUSTIN, TX—A private investor from Houston purchased Highland Commons, a 39,739-square-foot shopping center at the northeast corner of Airport Boulevard and Koenig Lane. The seller was Westwood Financial Corp. of Los Angeles. Highland Commons is anchored by Spec’s Wine, Spirits & Finer Foods. Other tenants include Kick Butt Coffee, Eyemart Express, Highland Donuts, Whitehead Chiropractic and Y2K Nails. The property is 97 percent occupied.
According to Weitzman Groups Brad Bailey, who represented seller, Westwood Financial had owned the property less than a year and decided to restructure its investments outside of retail ownership, Bailey said.
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