AUSTIN, Texas – January 28, 2016 –CBRE | UCR announces Cedar Park Town Center is fully occupied with the recent completed leases for Austin-based brands Mama Fu’s and Tiff’s Treats. The Class A regional shopping center was completed in early 2015 and encompasses 332,988 square feet in the Austin suburb of Cedar Park.
Neal Kieschnik, with CBRE | UCR in Austin, leases the retail center on behalf of the landlord, Retail Properties of America Inc.
Cedar Park Town Center, developed by The Ainbinder Company, is located at the northwest corner of Toll 183A and Whitestone Boulevard in Cedar Park, one of the fastest-growing cities in the nation. Its strategic location places it at the corner of main and main in Cedar Park, with access to more than 73,000 vehicles per day.
The center is anchored by Costco, which is the largest of its kind in the Central Texas region at 153,700 square feet, and At Home, with additional long-term ground leases to BJ's Brewhouse, In-N-Out Burger, PDQ and Lupe Tortilla. The latter two joined the tenant lineup in 2015.
An 86-room SpringHill Suites by Marriott is under development adjacent to the retail center, with an estimated opening date of Q4 2016.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.