REOC Austin
 
Commercial Real Estate Since 1975

Moderator

Kim_Gatley
Kim Gatley
S
enior Vice President & Director of Research at REOC Austin

Got a Commercial Real Estate Need or Question?


Ask One of Our Trusted Advisors

Two companies select Austin suburb for regional HQs

pflugervilleMore than 100 jobs and $8.8 million in capital investment are headed to Pflugerville after officials approved incentive agreements to lure two regional headquarters to the suburban city just north of Austin. …Read Entire Post

FacebookTwitterGoogle+Share

Austin suburb lands new grocery store anchored retail center

oak meadows_georgetownMore retail development is headed to Georgetown, Cypress Equities of Dallas started construction Thursday of the 77,050-square-foot Oak Meadows Marketplace, a shopping center on 11.2 acres at the southwest corner of Williams Drive and Jim Hogg Road that will be anchored by a Randalls. The stores are expected to open in December 2017.

Two additional tenants have been secured for Oak Meadows: Organic Nails & Spa has signed for 2,097 square feet and Natural Pawz, a pet supply and grooming business, has signed for 1,700 square feet. That leaves about 16,000 square feet of retail space up for grabs. …Read Entire Post

Bebe plans to shutter stores, including in Austin area

bebe_logoBebe Stores Inc. is planning to shutter its locations and become an online-centric retailer, according to Bloomberg.

Citing unnamed sources, the report says the Brisbane, California-based women’s retailer is trying to close the stores without filing for bankruptcy. Bloomberg’s sources say, however, that a Chapter 11 filing will be necessary if landlords aren’t willing to negotiate. …Read Entire Post

St. David's selects general contractor for $58M hospital expansion

St. David’s HealthCare has upped the price tag for the expansion of its South Austin hospital and selected a general contractor for the job.

It now expects the major renovations at St. David’s South Austin Medical Center to cost $58 million, the Austin American-Statesman reports. DPR Construction Inc. will oversee the project, with work expected to start in mid-2017 and finish in early 2019. …Read Entire Post

Austin Oaks in limbo as it awaits zoning approval

Austin City Council has postponed consideration of a planned unit development rezoning that would transform a Northwest Austin office park into a mixed-use center with offices, stores and apartments.

City Council was slated to vote a second time on the Austin Oaks rezoning at its March 2 meeting. But a long debate on the planned Plaza Saltillo redevelopment meant that Council did not get to Austin Oaks until after midnight. …Read Entire Post

Plaza Saltillo won final zoning approval from city council

The deal sets a building height limit of 70 feet for the entire project, which sits on about 10 acres along Capital Metro train tracks, but Endeavor could exercise the option to build a 125-foot office building.

Ten acres around the Plaza Saltillo train stop will soon go vertical after a mixed-use project won final zoning approval Thursday. …Read Entire Post

500,000-sf HQ, distribution center delivers

Capitol Wright Distributing’s new 500,000-square-foot headquarters and distribution hub has delivered at 10095 U.S. Hwy. 290 East in Manor, TX.

Capitol Wright formed in 2015 following the merger between major Austin-area beer distributors Capital Beverage Co. and Wright Distributing Co. The recently launched outfit’s $39 million facility broke ground in early 2016 and will serve to consolidate several regional operations under one roof. …Read Entire Post

GSAM Private Real Estate Acquires Two-Building Office Complex

Goldman Sachs Asset Management (GSAM) Private Real Estate has purchased Quarry Oaks I and II, a two-building office complex located at 10900 Stonelake Blvd. in Austin. Principal Real Estate Investors sold the 292,421-square-foot complex for an undisclosed price. At the time of sale, the property was 100 percent leased to tenants including Forepoint, Microsoft Corp. and Microchip Technologies.

Click here to read the original article: GSAM Private Real Estate Acquires Two-Building Office Complex REBusiness 2-7-2017

Yeti Coolers unveils first store

YetiYeti Coolers LLC is ready to pull the veil off its first retail store at 220 S. Congress Ave. — a major step for the company to directly reach consumers, and a promising development for a long-vacant property at the gateway between downtown and trendy shopping to the south. …Read Entire Post

$114M sale of Oaks at Lakeway completed

aus_620SLakeway_austinAfter its attempt to sell The Oaks at Lakeway retail center fell through last year, Stratus Properties Inc. returned to the negotiation table. Its efforts paid off earlier this month with the successful sale of the property to the same buyer who previously experienced cold feet.

TA Realty of Massachusetts, through an affiliate named FHF I Oaks at Lakeway LLC, purchased the center in the tony suburb of Lakeway northwest of Austin for $114 million in cash on Feb. 15, the companies announced. …Read Entire Post