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

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New $45 Million Home for Travis County Prosecutors

Named after the longstanding district attorney, the Ronald Earle Building is under construction at 416 W. 11th St. Austin DA building construction 2017

The seven-story, 125,007-sf structure, which includes underground parking, is scheduled to be finished in spring 2018. The total cost of the project is $45 million. The building will primarily serve county prosecutors. …Read Entire Post

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Travis CAD reports first property value drop since 2003

As reported April 12, 2010, Statesman.com.

The recession that wiped out thousands of jobs in Central Texas also erased $6.5 billion from the market value of Travis County properties. The 5.3 percent drop in values from 2009 was the first decline since 2003, according to preliminary figures from the Travis Central Appraisal District.  …Read Entire Post

New rent-to-own furniture store coming to South Congress Square

Easy Home, a new player in the merchandise leasing industry, has leased 4,890 square feet in South Congress Square, located at 2407 South Congress. Travis Waldrop and Sherry Naquin Sanchez, both retail specialists with NAI Austin, represented Easy Home.

Easy Home offers name-brand home furnishings, appliances and electronics on a rent-to-own basis. The company has over 200 locations in the United States and Canada.

NAI Austin is one of Austin’s most experienced commercial real estate firms and the Austin area representative for NAI GlobalTM, the industry’s largest global network of real estate service-providers, comprising 5,000 brokers in 325 offices serving more than 55 countries worldwide. For more information on NAI Austin, please visit www.naiaustin.com.

Texas Electric Cooperatives moves headquarters to downtown Austin

NAI Austin industrial specialist Jerry Heare along with Oxford Commercial brokers Rick Whiteley and Jeff Coddington represented Texas Electric Cooperatives (TEC) in locating and purchasing their new Austin headquarters location. The 7,700 sf office condo is located at 1122 Colorado Street, on the 24th floor of the Westgate Tower. The suite was purchased from Kidd, Whitehurst & Harkness General Partnership.

TEC represents cooperative electric utilities across Texas as well as offering repair and remanufacturing services, waste disposal and environmental consulting. They operate the only cooperatively owned utility pole production facility in the nation. The new, centrally-located downtown office will complement the existing 160,000 sf facility in Georgetown and the 50-acre manufacturing operation in Jasper.

NAI Austin is one of Austin’s most experienced commercial real estate firms and the Austin area representative for NAI GlobalTM, the industry’s largest global network of real estate service-providers, comprising 5,000 brokers in 325 offices serving more than 55 countries worldwide. For more information on NAI Austin, please visit www.naiaustin.com.

New sushi restaurant coming to 5th street

NAI Austin retail specialists Sherry Sanchez and Travis Waldrop represented Sushi Zushi in the leasing of 5,322 sf of retail space located at 1611 West 5th Street. This will be the first Austin location for Sushi Zushi and their sixth in Texas.

Sushi Zushi serves an unusual variety of Japanese cuisine, offering both sushi and cooked items on their large menu.

NAI Austin is one of Austin’s most experienced commercial real estate firms and the Austin area representative for NAI GlobalTM, the industry’s largest global network of real estate service-providers, comprising 5,000 brokers in 325 offices serving more than 55 countries worldwide. For more information on NAI Austin, please visit www.naiaustin.com.

Jimmy John’s brings business to East Austin

NAI Austin’s Retail Specialist Sherry Sanchez continues to represent Jimmy John’s Gourmet Sandwiches, this time in a lease of 1,400 square feet in East Austin. The new location will be the first on the east side of IH-35, at 1200 Barbara Jordan Blvd., between Airport Blvd. and 51st Street in the Mueller Airport redevelopment.

Jimmy John’s fresh ingredients and great employees, along with their subculture, make this restaurant unique. Its golden rule is “make a deal, keep a deal,” signifying its consistency in providing great service and food.

Tutor Times plans for second location in Austin

NAI Austin’s Land and Commercial Building Specialist Dean Janeff represented Many Blessings, LLC in its purchase of 3.13 acres of land on Boulder Lane just west of RR 620 in Northwest Austin. Many Blessings, LLC plans to build a 10,000 square foot daycare center, Tutor Time.

Tutor Time provides educational programs during the school year and summer for children, six weeks old to 12 years old. It has over 300 locations in the U.S., Hong Kong, Indonesia, Portugal and the Philippines. The company was started in 1988, and this will be its second location in Austin.

Charter school finds permanent residence

Dean Janeff represented Bright Horizons Children’s Centers, Inc, in the sale of their 10,536 square foot daycare center to the Texas Empowerment Academy in East Austin. The facility is located at 3613 Bluestein Drive, west of U.S. Hwy. 183 South (Ed Bluestein Boulevard).

The Texas Empowerment Academy is a charter school that was started in 1998. It offers small classes for a personal education experience for students, fifth to ninth grades. Tuition is free, and the school has been awarded the Governor’s Educator’s Excellence Award.

Mediterranean Buffet finds home in Southwest Austin

NAI Austin’s Retail Specialist Ryan Coleman and Land and Commercial Specialist Dean Janeff leased 4,610 square feet of free-standing restaurant space to Dimassi’s Mediterranean Buffet. The restaurant is located at 4301 West William Cannon in the Costco-anchored Arbor Trails Shopping Center in Southwest Austin.

Dimassi’s Mediterranean Buffet is a Texas-based chain, with this being its eighth location. Their menu is varied, including appetizers like Baba Ghanouge and entrees like kabobs and even dessert. They serve all of their dishes with fresh pita bread. They also cater to surrounding areas.

Jimmy John’s leases in Central Austin

Jimmy John’s, the nationwide sandwich shop chain, was represented by NAI Austin’s Retail Specialists Sherry Sanchez and Travis Waldrop in leasing 1,300 square feet in the Central Park Shopping Center. Located at 4100 North Lamar, this Jimmy John’s will be in good company with H.E.B.’s Central Market and other Austin-based tenants located in the popular shopping center.

Jimmy John’s was started in 1983 and currently has over 682 locations in 35 states, eight of which are in Austin. It offers made-to-order sandwiches, fresh soups and Jimmy John’s brand chips for both in-store dining and delivery.