Jones Lang LaSalle ("JLL") is pleased to offer the exclusive opportunity to purchase The Triangle (the "Property") – a premier grocery-anchored mixed-use opportunity in Austin, Texas. The Triangle resides in Austin's established and growing Central Submarket, enabling the asset to capitalize on the area's strong demographics and growth fundamentals, creating incredible leasing velocity and tenant demand in a supply-constrained market. The 93% leased asset presents investors with the rare opportunity to acquire 'cool street' retail in a mixed-use environment at scale in Austin.
With Austin’s continued growth trends and expected increase in density between the Domain and Downtown, The Triangle is poised to capture additional rental rate growth as retail in the Central Submarket is converted to office or multi-family in an already retail starved market.
- Rare cool-street acquisition opportunity: grocery-anchored retail in a mixed-use environment
- Highly curated, relevant tenant mix created via strategic re-leasing, pushing rates 18%+ since 2017 with additional mark to market opportunities
- High growth Austin market poised for additional development & densification
- Phenomenal demographics & densification story