BEE CAVE, TX—The Shops at the Galleria, a fully occupied,537,684-square-foot regional power center 16 miles southwest ofAustin, have sold for an undisclosed price. Oakbrook, IL-basedInvenTrust Properties Corp. purchased the asset fromChristopher Commercial Inc.
The asset is located at 12780 Shops Pkwy. along Highway 71between RR 620 and Bee Caves Rd., and is situated directly acrossfrom the Hill Country Galleria. It was completed in 2005 andis occupied by a strong roster of national retailers, includingLowe's Home Improvement, Home Goods, Michael's, Marshalls, OldNavy, PetSmart, World Market, Best Buy, ULTA and OfficeMax.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
