SRS Real Estate Partners Facilitates Sale of The Shops at Greenlawn, Highlighting Central Texas Retail Demand

The recent sale of The Shops at Greenlawn, a 22,970-square-foot retail center in Round Rock, Texas, by SRS Real Estate Partners, highlights the strong demand for retail properties in areas experiencing significant demographic growth. The property, situated at 3200 Greenlawn Boulevard, was purchased by a global real estate investor from out of state, with the deal orchestrated by the SRS Capital Markets team, including Cathy Nabours, Kyle Shaffer, and Sam Nichols.

With a 92% occupancy rate and nine tenants, The Shops at Greenlawn drew multiple offers, showcasing the intense investor interest in retail assets within the Austin Metropolitan Statistical Area and nearby Central Texas regions. Nabours attributes this demand to the rapid development of new housing subdivisions, which has outpaced the construction of new retail spaces, making existing properties like The Shops at Greenlawn particularly attractive to investors.

Shaffer explained that the purchase aligns with the buyer's investment strategy, focusing on unanchored, high-quality essential service retail centers. The property's proximity to Dell Computers' headquarters and a H-E-B Grocery center, combined with the anticipated development of The District—a 65-acre mixed-use project—further increases its desirability.

This transaction represents the third multi-tenant shopping center sold by the SRS team in the last quarter, contributing to the firm's year-to-date deal volume exceeding $1.2 billion across more than 350 transactions nationwide. SRS Real Estate Partners remains a dominant player in the commercial real estate industry, with over 845 properties listed, valued at more than $3.7 billion.