AUSTIN, Texas--(http://www.wccapitalgroup.com/), an Austin-based private investment and asset management firm, announced today that it has acquired Galleria Oaks, a 100,000 square foot retail center, from a Los Angeles based investment firm. The center is located in Northwest Austin on Research Boulevard just south of Lakeline Mall.)--World Class Capital Group, LLC (
“We have a very well capitalized retail investment platform and will continue to grow our portfolio through both single-asset and portfolio acquisitions.”
“Galleria Oaks is a great addition to our national portfolio of retail centers. It is a well located asset in a thriving major market with a strong value-add opportunity through the lease-up of the currently vacant space. We plan to make immediate capital improvements to the center and will pursue a targeted marketing strategy to fill the vacancy,” said Nate Paul, President and CEO of World Class Capital Group. “Galleria Oaks’ location and strong visibility along 183 will allow it to capitalize on the strong demographic trends we are seeing in Northwest Austin.”
The acquisition adds to World Class Capital Group’s rapidly growing national retail portfolio which is comprised of shopping centers in Illinois, Minnesota, North Carolina and several cities in Texas, including in Austin, Dallas, Fort Worth and San Antonio. World Class currently owns and operates properties in 10 states and 21 markets.
“Our experience operating retail centers allows us to evaluate opportunities extremely quickly, which has allowed us to scour the country looking for suitable assets through which to expand our retail portfolio,” commented Jake Walker, Vice President of Acquisitions at World Class Capital Group. “We have a very well capitalized retail investment platform and will continue to grow our portfolio through both single-asset and portfolio acquisitions.”
About World Class Capital Group, LLC
World Class Capital Group, LLC is a leading private real estate investment firm based in Austin, TX. The firm pursues opportunities in all U.S. markets and has a distinct focus on value-add and core-plus real estate. WCCG targets investments across a broad range of asset types through single-asset and portfolio acquisitions, and is also an active acquirer of real estate debt. WCCG’s primary focus is the acquisition of complex or undervalued real estate assets with the opportunity to create value through repositioning, redevelopment, or leveraging our exceptional property and asset management platform to create operational efficiencies. WCCG’s portfolio includes investments in office, retail, industrial, multifamily, self-storage, and land. Please visit our website for more information: www.wccapitalgroup.com