The West Woods shopping center, at the corner of Bee Caves Road and Walsh Tarlton Lane, has new owners, according to GlobeSt.com, as reported by the Real Estate Center at Texas A&M University. The center, which houses Stein Mart, Michael’s, Petco, and CVS, among other retailers and restaurants, is now owned by Global Retail Investors LLC, an affiliate of First Washington Realty Inc.
The 189,340 square foot shopping center is a fixture in the Westlake community. Its sale comes at the same time as long-awaited construction begins on Bee Caves Road. The property is 98 percent leased.
The property previously traded hands in 2012, when Velocis bought the center, upgrading the signage, landscaping, and parking lot.