Houston-based Property Commerce Dividend Fund has bought the Target-anchored Lake Air Mall at Wooded Acres Drive and Bosque Boulevard, as well as the Lake Air Court retail strip across from Target.
Clay Fuller, with Coldwell Banker Jim Stewart Realtors Commercial, brokered the deal. Laura Keller, an asset manager with the buyer, said by email that her team and Fuller “will be working to attract new tenants that fit with our existing users to provide a broad and well-rounded suite of goods and services for our customers. With Target as an anchor and the newly-renovated H-E-B across the street, this property presented a great opportunity for our investors to enter the Waco market.”
