INVESTCORP AND GLOBAL FUND INVESTMENT ACQUIRE THE SHOPS AT TECH RIDGE

AUSTIN — A joint venture between Investcorp, a global investment manager, and Global Fund Investments has acquired The Shops at Tech Ridge, a 332,845-square-foot shopping center in Austin. Located at the northeast corner of Interstate 35 and Parmer Lane, the retail property was built in 2003 and is shadow-anchored by SuperTarget. Tenants include Best Buy, Toys “R” Us, Ross Dress For Less, PetSmart, Hobby Lobby, Party City and Pier 1 Imports. Global Fund Investments will manage the property, while Austin-based Endeavor Real Estate Group will lease it.