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Local Investor World Class Capital Buys Galleria Oaks Retail Center

March 14, 2013
World Class Capital Group, an Austin-based private investment and asset management firm founded and headed by Nate Paul, closed on the acquisition of Galleria Oaks, a 100,000 square foot retail center in Northwest Austin on Research Boulevard just south of Lakeline Mall.

World Class Capital bought the retail property for an undisclosed price from Galleria Associates Ltd., a Los Angeles-based investment firm.

Paul described the acquisition as a "strong value-add opportunity" available through the lease-up of currently vacant space.

"We plan to make immediate capital improvements to the center and will pursue a targeted marketing strategy to fill the vacancy," said Paul.

World Class currently owns and operates properties in 10 states and 21 markets, including shopping centers in Illinois, Minnesota, North Carolina and several cities in Texas, including in Austin, Dallas, Fort Worth and San Antonio. .

"We have a very well capitalized retail investment platform and will continue to grow our portfolio through both single-asset and portfolio acquisitions," said Jake Walker, vice president of acquisitions at World Class Capital Group

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