Cypress Equities Acquires 11.2-Acre Site for Grocery-Anchored Development in Georgetown, Texas

GEORGETOWN, TEXAS — Cypress Equities has acquired an 11.2-acre site in Georgetown, Texas, for the development of a grocery-anchored shopping center to be named Oak Meadows Marketplace. A 57,655-square-foot Randalls Food & Drugs will anchor the 77,050-square-foot project. Construction is expected to begin in January with a completion date scheduled for November 2017. SRS Real Estate Partners will be in charge of leasing up the center.