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News release

Austin, TX

Market activity spurs sale of retail assets across North and Central Texas

JLL secures sale of four retail properties, including three in Austin-area

Austin, February 26, 2018 – JLL announced the sale of four retail assets in and around the Austin area today.

Transactions included:

  • Cypress Creek Plaza, a 19,994 square foot retail center, located at 1400 Cypress Creek Road in Cedar Park, Texas. JLL Senior Vice President Tim Allen, Vice President Travis Sawvell and Vice President Jon Switzer managed the transaction on behalf of the seller.
  • The Starbucks in Hillsboro, Texas located at 102 Northeast I-35. Allen led sales efforts on behalf of the seller.
  • Shops at Silver Creek, a 9,270 square foot retail center, located at 4005 West Parmer Lane in Austin. JLL Senior Vice President Tim Allen led sales efforts on behalf of the seller.
  • Lamar Point Center, a 6,150 square foot retail center, located at 10009 North Lamar Blvd in Austin. Allen led sales efforts on behalf of the seller.

"Texas continues to attract investor interest across the state," said Allen. "These strategic acquisitions highlight growth in these markets and underline the strong fundamentals that provide long-term projected value for the owners. JLL is thrilled to play a role in these transactions and we look forward to partnering with our clients in capitalizing on our state's strong economic fundamentals."

According to JLL Research, Austin's retail market is positioned to continue thriving in 2018 thanks to a robust construction pipeline and confidence in the marketplace. While many retailers are looking to bolster their e-commerce presence, they still acknowledge the importance of brick-and-mortar store fronts.


About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2017, JLL had revenue of $7.9 billion and fee revenue of $6.7 billion; managed 4.6 billion square feet, or 423 million square meters; and completed investment sales, acquisitions and finance transactions of approximately $170 billion. At the end of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of 82,000. As of December 31, 2017, LaSalle had $58.1 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit