November 29, 2016
TA Realty LLC cancelled its pending purchase of the 237,000-square-foot Oaks at Lakeway in Austin, TX. Seller Stratus Properties Inc. announced in a Nov. 25 securities filing that the Boston-based TA Realty cancelled the acquisition on the last day of a 45-day inspection period.
Located at 620 S. Lakeway, Oaks at Lakeway is an HEB Grocery-anchored retail center, with a mix of local and national tenants including Twin Liquors, Torchy’s Tacos, Subway and High 5 Entertainment. The potential sale of the center rested on HEB’s agreement to an amendment on its lease, and Stratus filling approximately 20,000 square feet of remaining vacant space.
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