AUSTIN, TX-Velocis Fund LP based in Dallas has paid $60 million to acquire two retail centers totaling over 350,000 square feet in Austin. The properties include Springdale Shopping Center and West Woods Shopping Center. With these acquisitions, the fund now has roughly $160 million worth properties. Earlier in 2012, the real estate investment firm closed on its second fund.
In 2011, Velocis bought the 112,117-square-foot Ridglea Village situated in Forth Worth. For the full story, go to Dallas Business Journal .
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