Door Capital Partners secures financing for adjacent retail properties in suburban Austin
Door Capital Partners announced that it has secured acquisition financing for two new adjacent retail properties in the Kyle Crossing mixed-use development within the Austin suburb of Kyle, Texas.
JLL worked on behalf of the borrower.
The Kyle Crossing mixed-use development provides space for a variety of businesses, including retail, health and wellness, restaurants and entertainment. The two retail buildings are a part of the Kyle Crossing Phase II development and are 100 percent occupied on a triple-net-lease basis. The 7,254-square-foot building is anchored by Chipotle and is also leased to Crumbl Cookies and Heartland Dental. The second building is 6,913 square feet and is anchored by Black Rock Coffee. Additional tenants include Spoon & Fork and Every Nails Bar.
Located at Marketplace Avenue and Kyle Parkway, Kyle Crossing Phase II is 20 miles south of Austin. The buildings are walkable to 1,100 multi-housing apartments and are near Target, Kohl’s, P