Trademark Property Company and Cohen & Steers purchased Oak Hill Plaza, located at the northwest corner of US 290 and SH 71. Trademark will manage and lease the 116,000-square-foot neighborhood shopping center and lead a plan to upgrade the property and its tenancy. Partners Capital—the investment platform of Partners Real Estate Company was the seller.

The acquisition comes on the heels of the substantial completion of the TXDOT’s $674 million Oak Hill Parkway Project, which will greatly improve regional mobility and access to the property. Following a five-year-long construction process, all the main lanes, frontage roads, and ramps of Oak Hill Parkway are now open. 

Oak Hill Plaza’s tenant roster includes Wells Fargo, Pluckers, Dollar Tree, AutoZone, Jim’s Restaurant, and The Picklr. Trademark plans to upgrade the property, creating a more inviting and modern destination. The improvements will support an enhanced tenant mix featuring local and regional retailers and restaurants that capture the authentic spirit of Austin.

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