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

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37-story tower planned for downtown Austin block

Austin downtown skyline.

Austin downtown skyline.

Trammell Crow Company plans to build a 37-story tower with office, restaurant and retail uses on a prime downtown Austin block owned by the University of Texas System, documents filed with the city show. …Read Entire Post

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InvenTrust Acquires Grocery-Anchored Center

HEB

InvenTrust Properties Inc. has acquired Kyle Marketplace, a 226,000-square-foot shopping center located in the southern Austin suburb of Kyle, for approximately $59 million. Anchored by H-E-B, the center is currently leased to tenants such as Starbucks, Subway and Whataburger. The seller was not disclosed. …Read Entire Post

Global Medical Acquires Hospital in Austin

Maryland-based Global Medical REIT Inc. has acquired Central Texas Rehabilitation Hospital, a 59,000-square-foot healthcare property located at 700 W. 45th St. in Austin, for roughly $40.6 million. The inpatient hospital features 50 beds and is leased to a joint venture between subsidies of healthcare providers Kindred Healthcare and Seton Healthcare.

Click here to read the original article: Global Medical Acquires Hospital in Austin REBusiness 9-29-2017

Reported mega-deal Acquisition by Brandywine

Real Estate Alert, an insider real estate publication, reports that Brandywine Realty Trust and its Austin portfolio partner, DRA Advisors LLC, will sell five office properties in their joint venture to Starwood Capital Group, a Connecticut-based investment company. …Read Entire Post

Facebook takes another big bite of downtown Austin with major lease

fb-artFacebook Inc. is reportedly poised to massively expand its presence in downtown Austin, with another office inside of a gleaming skyscraper.

The social media behemoth plans to lease more than 230,000 square feet inside Third+Shoal, the 29-story tower being built at 208 Nueces St., the Austin American-Statesman reports. …Read Entire Post

Another aspiring tech disruptor hits Austin

callboxA North Texas company with a disruptive take on storage is expanding to Austin with a 40,000-square-foot lease of warehouse space.

Callbox Storage LLC recently signed for the space in Pflugerville, off Howard Lane east of I-35. The company did not want to reveal the exact location, citing security concerns. It provides on-demand storage, picking up customers’ items — from holiday decorations to extra furniture — and moving them to a centralized location for safekeeping. …Read Entire Post

High-end home retailer closes Austin store at Domain

pirchAs it focuses on its profitable stores in California, high-end appliance and kitchen retailer Pirch is shuttering most of its 10 stores in other states — including a showroom at Domain Northside in Austin that opened just four months ago. …Read Entire Post

Local Resident to Develop Class A Office Property in Austin

Austin resident Michael Ayer will develop Davenport 360, a 33,911-square-foot, Class A office property that will be located at 6001 Bold Ruler Way along Capital of Texas Highway in Austin. The property will be situated near local retail and restaurant options and offer employees a three-level parking garage. The developer plans to break ground as soon as the property is 50 percent pre-leased.

Click here to read the original article: Local Resident to Develop Class A Office Property in Austin REBusiness 9-11-2017

Retail Center sold in Northwest Austin

The Grove at Lakeline, a 16,253-square-foot retail property in Austin was purchased by a limited liability firm for an undisclosed price. Located at the northwest corner of State Highway 183 and Ranch Road 620; the center houses tenants such as Mattress Firm, T-Mobile and Orangetheory Fitness.

Click here to read the original article: Retail Center sold in Northwest Austin REBusiness 9-11-2017

42,000 SF Medical Office coming to Austin Metro

Perardi Development will build Medical Towers at Bee Cave II, a 42,000-square-foot medical office property located at the corner of RM 620 and State Highway 71 in the Austin metro of Bee Cave. Scheduled to break ground later this month, the project follows the completion and pre-leasing of the 23,000-square-foot Medical Towers at Bee Cave. This second phase of the project could be completed as early as mid-December 2018.

Click here to read the original article: 42,000 SF Medical Office coming to Austin Metro REBusiness Online 9-7-2017