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GEORGETOWN, TX-A major retail development could be in store for Georgetown, the county seat of fast-growing Williamson County. Developer Greg Hall has purchased nearly 113 acres of a mixed-use site at Interstate 35 and Inner Loop just south of the city limits.

Georgetown, 26 miles north of Austin, is the home of Southwestern University and just west of the city is Sun City Texas. Tourist attractions include a historic downtown and a candle factory.

Dallas-based NorthMarq Capital Inc. has arranged $4.3 million in financing for the transaction. Paul Brighton, the NorthMarq vice president and senior producer who handled the deal, says it essentially was a land swap with Williamson County, which may build a convention center.

Brighton says Hall has been talking to major retailers around the country about setting up shop in a “big box” retail development in Georgetown. Hall was not available for comment.

The first order of business, Brighton tells GlobeSt.com, is to build a four-lane divided road on the site. If realized, such a retail development could be the biggest shopping center in Georgetown and the biggest north of Round Rock. Georgetown’s largest retail employers are H-E-B grocery and Wal-Mart, which, together, have about 400 employees.

While Williamson County has been a perennial member of the fastest-growing counties in the nation during the 1990s, most of the growth has been in the southern part just north of Austin. That growth, however, has been creeping north toward Georgetown, which had 28,000 residents and double the number of the 1990 head count, according to the 2000 US census.

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