CBRE Global Investors, on behalf of Allstate, acquired The Mosaic at Mueller, a Class-A, 441-unit mid-rise apartment community in Austin. The Mosaic is 96% occupied.
The apartments are at 4600 Mueller Rd in East Austin, in an area experiencing a revitalization as both employers and desirable retailers move into the neighborhood.
Mosaic is part of the 711-acre mixed-use Mueller Redevelopment. When completed, Mueller Redevelopment will consist of over 4M SF of office and retail, 5,700 residences and 140 acres of recreational amenities, including parks, biking and hiking trails, lakes and a golf course.
