Riverside Place

Austin TX
On the Market
Property Type :
Retail
Year Built :
1986
Property Size :
9.52 acres / 102,105 Sft

Overview

HFF has been exclusively retained to offer qualified investors the opportunity to acquire Riverside Place (the "Property"), one of Austin's most intriguing redevelopment opportunities consisting of 102,105 square feet of retail on 10.24 acres (includes 0.72-acre parking easement) alongside East Riverside Drive approximately 5 minutes southeast of downtown Austin.

Property Summary

Currently 98.7% leased, the retail center consists of 29 divers tenants with rents averaging 43.3% below market and a 3.9-year weighted average lease term remaining. The Property features a unique combination of existing cash flow and a highly desirable future mixed-use development site.

Location

The Property offers a one-of-a-kind opportunity due to current zoning and its location within the East Riverside Corridor Zoning District (ERC), near the recently opened Oracle Campus. Riverside Place represents the ultimate covered land play within the city's fastest growing corridor.

Map

Documents

If you are interested in obtaining more information from HFF, please execute the confidentiality agreement below. HFF will review the signed agreement and contact you as soon as possible.

Contact Information

Cathy Nabours500 West 5th Street
Suite 1200
Austin, TX 78701
P: 5125321962
F: 5125321901

cnabours@hfflp.com
Walter Saad500 West 5th Street
Suite 1200
Austin, TX 78701
P: 5125321961
F: 5125321901

wsaad@hfflp.com
Rusty Tamlyn9 Greenway Plaza
Suite 700
Houston, TX 77046
P: 7138523561
F: 7138523490

rtamlyn@hfflp.com
Drew Fuller500 West 5th Street
Suite 1200
Austin, TX 78701
P: 5125321931
F: 5125321901

dfuller@hfflp.com
Garrett Gilleland500 West 5th Street
Suite 1200
Austin, TX 78701
P: 5125321968
F: 5125321901

ggilleland@hfflp.com
Dominic EspinosaOne Victory Park
2323 Victory Avenue, Suite 1200
Dallas, TX 75219
P: 2146924708
F: 2142651686

despinosa@hfflp.com
Spencer Roy500 West 5th Street
Suite 1200
Austin, TX 78701
P: 5125321977
F: 5125321901

sroy@hfflp.com

Holliday GP Corp. ("HFF") is a Texas licensed real estate broker.