Rockspring Capital Buys 23-Acre Retail Property

Jan 28, 2014
Globe St

Houston-based Rockspring Capital acquired a 22.52-acre retail site in the Bee Cave area outside Austin, Texas in an all cash transaction






Rockspring plans to invest approximately $1.4 million in the property






The tract is located on the Route 71, two 2 miles west of the Hill Country Galleria






“Austin’s booming economy and population growth is driving tremendous retail demand in this flourishing submarket,” said Jim McAlister, President and CEO of Rockspring Capital. “We were receiving a lot of interest from retailers even before the deal closed.”






According to Rockspring, demand in the area will increase when Bee Caves begins to construct more than 6,400 new homes. This site is intended to provide future residents with several restaurants, banks, and other services






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