springdale-heb-velocis

Velocis Sells Grocery-Anchored Retail Center in Austin

by Haisten Willis

AUSTIN — Velocis has arranged the sale of Springdale Shopping Center in Austin. Tampa-based Forge Real Estate Partners III LP purchased the 163,677-square-foot retail center. Velocis purchased Springdale Shopping Center in 2012 and invested in a new roof, pylon signage updates and parking lot repairs. H-E-B anchors the center, which is located off of Highway 183. Other tenants include Fashion Outlet, Carousel Pediatrics, Family Dollar and O’Reilly Auto Parts. CBRE’s Chris Cozby, Chris Gerard and Kevin Holland brokered the sale on behalf of Velocis.

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