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