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Last Updated ( Monday, 28 July 2014 18:31 )
DATE_FORMAT_LC2=Monday,July 28 2014 12:00:00 am EDT   
Madison Capital Sells Boardwalk Shopping Center in Texas

boardwalk webThere are approximately 231,000 residents within a five-mile radius of the Boardwalk Shopping Center. Round Rock, Texas, consistently ranks as a fast-growing U.S. city by the U.S. Census Bureau.Round Rock, Texas – CBRE has brokered the sale of Boardwalk Shopping Center in Round Rock for an undisclosed price. A private real estate fund advised by Crow Holdings Capital-Real Estate purchased the power center from Greenwood Village, Colorado-based Madison Capital Management. The 184,598-square-foot Boardwalk Shopping Center, built in 1996, is 98.6 percent occupied and anchored by national retailers that include Ross, PetSmart, Office Max and Party City. Walmart Supercenter and Home Depot shadow-anchor the asset. There are approximately 231,000 residents within a five-mile radius of the property. Since 2000, the population has grown 73 percent and is projected to grow an additional 13.5 percent in the next five years. The city consistently ranks as a fast-growing U.S. city by the U.S. Census Bureau.

 — Scott Reid

 

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