AUSTIN, TX-The Shops at Tech Ridge, a 332,845-square-foot shopping center located in Austin, has been sold for an undisclosed amount. A joint venture between Investcorp and Global Fund Investments LLC has acquired the shopping center from Developers Diversified Realty and Prudential Real Estate Investors.
The joint venture intends to use its recently secured loan to revive the property. SuperTarget is the anchor tenant of the center, which is 84% leased. United Commercial Realty Investment represented the seller in the deal.For the full story, go to Austin Business Journal.
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