Austin, Texas — According to state and local development sources, Westfield Company Inc. plans to invest $35 Million to build out 62,454 square feet of new space in Austin. The company plans to complete the new space at 1900 Crossing Place, Building 1 in Austin, on or about January 1, 2027. Work includes construction of a new (2) story music venue including concessions, support, dressing rooms, and offices. There is (1) Main Hall for music events, front of house program related to the music space and a back of house with storage. According to the company website Westfield capitalizes each project individually and utilizes private capital from accredited investors and institutional partnerships to fund each project. Our team is highly focused on the Colorado real estate market and applies local knowledge and experience to identify development, redevelopment, and value-add opportunities. We structure our investment partnerships in order to provide the flexibility that will lead to better risk-adjusted returns. Our deal structures generally utilize moderate levels of leverage with an emphasis on principal preservation. Over the past 20 years, Westfield has raised over $550 million in equity and capitalized over $1.7 billion in various real estate investments. The principals of Westfield co-invest meaningful capital alongside our private investor group, averaging approximately 15%, to ensure alignment in each project. Westfields experience and relationships are instrumental in sourcing the opportunities and executing the investment strategies that define success for all stakeholders.

To learn more about Westfield Company Inc., visit http://www.westfield-co.com/

Company Contact:
Richard McClintock, Chief Executive Officer
rmcclintock@westfield-co.com
https://www.linkedin.com/in/richard-mcclintock-72102214/
303-298-1111

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