AUSTIN, TX (Aug. 27, 2026) – Fort Worth-based Trademark Property Company, a retail and mixed-use investor, developer, and operator, today announced its purchase of Oak Hill Plaza located at the northwest corner of US 290 and SH 71, in partnership with Cohen & Steers, a leading global investment manager. Trademark will also manage and lease the 116,000-square-foot neighborhood shopping center and lead a plan to upgrade the property and its tenancy.
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. Work will continue throughout the fall, including 14 miles of shared bicycle and pedestrian paths and 1.5 miles of new sidewalks along the corridor.
“The timing for this investment is perfect now that this major project is substantially complete,” said Terry Montesi, CEO at Trademark. “Our research identified Oak Hill Plaza as a high-potential center years ago, and we are excited to have the opportunity to acquire this asset and expand our portfolio in Austin.”
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.
“There is a significant opportunity to enhance retail offerings in this underserved area of Austin, strategically located along an increasingly important gateway to the Texas Hill Country,” notes Tommy Miller, Trademark’s Managing Director and CIO. “We are ready to start the revitalization process.”
Oak Hill Plaza joins Great Hills Market & Station as Trademark’s third property in the metro area, reinforcing its commitment to Austin. Trademark also has a strong footprint in Houston, with Market Street – The Woodlands and Dunham Pointe, a ground-up community center development that will break ground later this summer. In Dallas-Fort Worth, Trademark properties include Shivers Farm, Galleria Dallas, Anthem, Left Bank, Westbend, Alliance Town Center, The Vickery and Westbend Residences. Oak Hill Plaza will be Cohen & Steers’ second shopping center investment in Austin this year, following the acquisition of 1890 Ranch in Cedar Park.
“We love Austin and recognized this property as a compelling opportunity with significant potential to create long-term value,” said Josh Silverman, Principal at Cohen & Steers. “Trademark has a proven track record of elevating retail centers with untapped potential, and we look forward to what’s next for Oak Hill Plaza.”