Tuesday, May 17, 2016

Sold! 2015 East Riverside

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SOLD!  2015 E. Riverside, Austin, Tx 78741

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AUSTIN, TX (5/13/16)- Longbow Real Estate Group announced the purchase of 2015 East Riverside Drive, Austin, Tx, a 66,000 SF Retail Center with tenants such as: Emos, MudPuppies, and MidwaySportsBar.  Jim Young, CCIM of Longbow Real Estate Group represented the Buyer, Presidium Group. Young has been retained as Landlord Representative for future leasing of a 5,000 sf creative office space.

The East Riverside Drive area represents an incredible growth opportunity. I used ESRI and CCIM’s SiteToDoBusiness to demonstrate that a $92M Retail gap (opportunity) existed within five minutes of the subject retail center. This information helps Clients take decisive action. This is fourth time I have represented Presidium on a purchase, and proud to be associated with them.

As a Veteran, I’m particularly proud of the work Presidium did to help answer Mayor Adler’s call to house homeless Veterans.”

- Jim Young, CCIM

Footnote:

East Riverside Drive has been featured prominently in local news, including a recent Austin Business Journal article about the area. Shortly after the article went to press, National Public Radio (NPR) KUT 90.5 interviewed Young about the East Riverside area.

Go to www.longbowre.com for more information about the company and current listings

Jim Young, CCIM
Jim@LongbowRE.com
512.565.7509
Connect With Me On LinkedIn


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