HEB Center in Lakeway Sells

The HEB-anchored The Oaks at Lakeway shopping center in Lakeway has been sold, according to ReBusiness. Stratus Properties Inc., which owned 100 percent of the property, sold the 236,739-square-foot retail center to FHF I Oaks at Lakeway LLC for a cash price of $114 million. The center, which holds Twin Liquors, Torchy’s Tacos, MAD Greens, Hat Creek Burgers, and High Five, among other retailers and services, originally was acquired and developed between May 2013 and September 2014 and is an integral part of the Lakeway community.

The center is located at Highway 620 and Glen Heather Drive. A 34.7 acre-tract that is zoned for residential properties, as well as hotel and civic uses, was not part of the sale.