DEAL OF THE WEEK

Austin American-Statesman - - BUSINESSBRIEFING -

What: Sale of La Fron­tera Square mixe­duse devel­op­ment

Where: 2601 La Fron­tera Blvd., Round

Rock

Who: Tonti Prop­er­ties pur­chased the note from BBVA Com­pass.

When: The pur­chase agree­ment was ex­e­cuted in April, and Tonti took ti­tle to the prop­erty in May.

De­tails: Built last year, the devel­op­ment has a to­tal of 349 one-and two-bed­room apart­ment units and 46,159 square feet of re­tail space. The apart­ments are 90 per­cent leased; Tonti is mar­ket­ing the re­tail space, none of which is oc­cu­pied, ac­cord­ing to Rick Per­due, di­rec­tor of ac­qui­si­tions for Tonti. Ameni­ties of­fered at the devel­op­ment in­clude three court­yards, a lap pool, garage park­ing, four fit­ness cen­ters, 10-foot ceil­ings, gran­ite coun­ter­tops and stain­less steel ap­pli­ances.

La Fron­tera Square in Round Rock fea­tures 349 apart­ments and 46,159 feet of re­tail space.

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