Southpark Meadows consists of three phases located in Southwest Austin.[/caption]

Updated April 29 with new information:

The closing of a sale that includes part of the Southpark Meadows shopping center in Southwest Austin and was expected to be completed before the end of April will be delayed to the second quarter of 2016, according to a RioCan Real Estate Investment Trust news release.

Transaction documents indicate closing may not occur until the end of August, the release states. RioCan cited the time involved in obtaining the consent of third party lenders required to fulfill one of the principal closing conditions as a reason for the delay.

Original story, published April 27:

A deal that includes the sale of the first two phases of South Austin shopping center Southpark Meadows is expected to be completed by the end of April, according to Christian Green, director of investor relations and compliance with RioCan Real Estate Investment Trust.

The Canada-based company, which owns Phase 1 and 2 of Southpark Meadows—101 stores including  Walmart and OfficeMax—agreed in December to sell its U.S. portfolio of 49 retail properties in the northeastern U.S. and Texas for $1.9 billion to Blackstone Group LP, according to a December news release.

“The sale will enable management to focus exclusively on RioCan’s operations in Canada, including its significant development pipeline,” RioCan CEO Edward Sonshine said in the release.

That sale, which is subject to customary closing conditions, is still slated to close by April 30, Green said in an email.

As of press time, April 22, neither company had made a new announcement regarding the future of the agreement. Blackstone Group declined to comment on the sale.