In an April 19 announcement from the real estate investment firm, B.H. Properties stated that it purchased the shopping center. Round Rock Crossing had been on the market since November 2021, after foreclosure May.
“While Round Rock Crossing fell on hard times during the pandemic, the fundamentals are still very solid,” said Scott Henry, BH Properties’ managing director of acquisitions. “At our cost basis, we can offer attractive lease terms to new tenants and revitalize the center, which serves almost 300,000 residents within a 5-mile radius.”
According to the release, Round Rock Crossing was built from 2004-06 and is 52% occupied by 18 tenants, including Best Buy, Michael's, Dollar Tree and Target.
www.bhproperties.com
