Riverside Shops
Austin, TX

Summary

Type: Neighborhood Retail
Size: 72,500 SF (2004)
Strategy: Re-tenant + facade refresh
Outcome: IRR 17.8%, EM 1.9x

Business Plan Highlights

- Executed re-tenanting of junior boxes
- Delivered facade, lighting, and landscape upgrades
- Improved NOI through mark-to-market leasing

Leasing Snapshot at Exit

Occupancy: 97%
WALT: 5.2 years
Anchor Tenants: Grocery, fitness