Casis Village, Austin's premier grocery-anchored retail center, sells 

AUSTIN, Aug. 3, 2026 –  JLL Capital Markets announced today that it has arranged the sale of Casis Village, a grocery-anchored retail center located in Austin's most affluent residential neighborhood of Tarrytown.

JLL represented the sellers, a joint venture between Ivy Companies and 35 South Capital. Lincoln Property Company (“Lincoln”) served as investment advisor to the buyer, a high-net-worth family office.

Casis Village is strategically positioned at 2727 Exposition Blvd., along one of the main thoroughfares connecting downtown Austin to Tarrytown, an exclusive neighborhood where median home values exceed $2.3 million and average household incomes exceed $400,000. The property serves as the only multi-tenant retail destination for Tarrytown residents, capturing a captive consumer base constrained by Lake Austin and Mopac Expressway. 

The Austin MSA remains one of the most dynamic investment markets in the country, having posted 33% population growth and 43% job growth over the past decade with over 1,200 corporate relocations. That growth has translated directly into retail market fundamentals: Austin's retail inventory totals 123 million square feet at 97% occupancy, yet on a per-capita basis the market remains structurally undersupplied — at 44 square feet per person, Austin sits roughly 20% below the Sunbelt average. Tenant demand for infill neighborhood retail remains robust. When the aging retail inventory is taken into account, co-tenancy requirements and the capital investment needed to modernize many existing centers, the supply of truly competitive space is even more constrained than headline 3% vacancy rates suggest.

The shopping center was built on 3.39 acres and is currently 92% leased to a diverse mix of service-oriented retailers, including several long-tenured tenants such as Randall’s, Estilo,Starbucks and Tarrytown Pharmacy, as well as newer tenants such as Zed’s and Face Foundrie.

JLL Capital Market’s Sales and Advisory team representing the seller was led by Senior Managing Director Chris Gerard and Director Shea Petrick.

"The sale of Casis Village underscores the exceptional value investors place on irreplaceable retail assets in America's most affluent neighborhoods," Gerard commented.

"The property's dominant position serving Tarrytown's captive consumer base, combined with substantial mark-to-market rent growth and long-term redevelopment potential, made it one of the most compelling retail investment opportunities in the country," added Petrick.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 112,000 as of June 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

IVY Companies is a real estate investment firm focused on identifying and developing opportunities through deep market insight, disciplined research, and rigorous analysis. The company creates thoughtfully designed real estate offerings that address clear market needs while enhancing communities and generating value for investors. IVY combines local market expertise with sophisticated execution, and its team has been involved in more than $1 billion in real estate projects, emphasizing architecture, user-focused design, and brand differentiation as key drivers of success.

35 South Capital is a Texas-focused real estate investment company that acquires, develops, and manages commercial real estate opportunities across high-growth Texas markets. Founded in 2021 by four industry veterans, the firm leverages over 100 years of combined experience in acquisitions, development, redevelopment, leasing, and property management to identify and execute value-driven investments. Its approach centers on disciplined underwriting, strategic execution, and transparent partnerships designed to generate strong risk-adjusted returns for investors.

Lincoln Property Company (“Lincoln”) is a full-service real estate firm offering a comprehensive suite of services, including investment management, leasing, development, and property operations. With a national platform and deep local expertise, Lincoln partners with institutional and private clients to acquire, develop, and manage assets across major markets in the United States. The firm is recognized for its disciplined investment approach, long-standing client relationships, and track record of executing complex real estate transactions.