World Class Capital closes sale on key Austin retail center

Oct 8, 2013
Austin Business Journal

World Class Capital LLC confirmed that it has purchased the Centre Point Shopping Center at 8120 Research Blvd. and plans an extensive renovation of the 42,000-square-foot strip mall anchored by Cap City Comedy Club

“We plan to make immediate capital improvements to reposition as Crestview Crossing, a neighborhood retail center for a budding community,” said Nate Paul, president and CEO of World Class Capital in a news release. “We see enormous potential in the north-central Austin market, and this acquisition allows us to capitalize on the area’s high growth and strong demographic trends.”

Austin-based World Class did not disclose how much it paid for the center, but it was listed for $4.1 million

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