Quadra Properties, LLC, located in San Diego, California, purchased a Starbucks and Jiffy Lube located at 2300 S IH-35 in Austin, Texas. The retail property, situated at the corner of Oltorf Street and IH-35, serves the Travis Heights neighborhood.  Brent Campbell of Don Quick & Associates, Inc. represented the seller, U.S. Trust, Bank of America Private Wealth Management/ Specialty Asset Management-Real Estate Services. Eagle Bank of Round Rock was the lender for the buyer. This is the second sale made by Brent Campbell in this corridor in the last twelve months for U.S. Trust, Bank of America Private Wealth Management/ Specialty Asset Management-Real Estate Services. The first sale with this group was for a property that backs up to Austin’s Rainey Street, located at 78 East Avenue, which closed in July of 2013.

The Round Rock Sports Center officially opened its doors for business on January 28, 2014. Located at 2400 Chisholm Trail Drive, the Center is expected to be the biggest tourist attraction in Round Rock. The $14.5 million project has created nine full-time and 50-60 part-time positions for employment. The 82,800 SF state-of-the-art indoor sports complex features six basketball courts, twelve volleyball courts, and 47,775 SF of open space. The complex is already generating revenue with contracts for weekend use in place from now until July 2014. Spring is booked from Monday through Thursday for local club sports. The venue can also serve as host to “expos, meetings, speakers and concerts.”

Source: Austin Business Journal
Photo: statesman.com