Lantana Place, a 99,000-square-foot retail center on Southwest Parkway in Austin, is being leased to a wide variety of retail tenants. The strong leasing activity showcases both the need for retail in the relatively underserved Southwest submarket and the continued desire for strong brick and mortar retail locations.
Lantana Place is a 500-acre mixed-use development anchored by the 39,000-square-foot Moviehouse & Eatery and a Marriott AC boutique hotel.
In addition to the Moviehouse & Eatery and the Marriott AC, current tenants include Carve American Grille by Perry’s, Westlake Dermatology, Realty Austin, Cobalt Blue Salon, Scissors & Scotch, Marigold Market, Enamel Dental and Lone Star Eye.
In addition to the current tenants, recently executed leases for new tenants include Lantana Nail & Spa, Lux Rox, UPS, Black Rock Coffee and Orangetheory Fitness.
Eric DeJernett and John Heffington, with CBRE in Austin, represent the landlord for Lantana Place, Stratus Properties.
“Lantana Place is the first large retail center of its kind on Southwest Parkway and the developer has incorporated a very high level of exterior design providing a strong sense of place in this largely underserved retail market,” says Eric DeJernett, CCIM, Senior Vice President at CBRE. “This is an incredible location for a wide variety of retailers as they are within close proximity to a large population of both residential and office tenants and this is, currently, the only large retail establishment in the area.”
The community surrounding Lantana Place consists of high-end housing, dense multi-family, large office demographics and several large private schools.
“The strong leasing activity we have seen at Lantana Place showcases not only the quality of the property, but also the continued desire consumers have for brick and mortar retail,” says John Heffington, Vice President at CBRE. “The Southwest Parkway area has been in need of a vibrant retail center for some time and Lantana Place is well positioned to provide a wide variety of options for entertainment, recreation, shopping, etc.”
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
