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

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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

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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

Domain Northside makes its grand debut, 31 new retailers open doors

New development for The Domain shopping center

The Domain celebrates it’s opening day.

Seventeen years in the making, the newest Domain phase celebrated its grand opening as North Austin’s premier place to live, work and play.

Featuring tenants such as Nordstrom, Archer Hotel Austin and Restoration Hardware’s four-story design gallery, Domain Northside has 600,000-square-foot of retailers and restaurants, including the Rock Rose district. …Read Entire Post

Apple buys four-building office complex in Northwest Austin

apple-logo1Technology giant Apple Inc. has purchased Riata Crossing North, a four-building office complex in Northwest Austin near the site of its ongoing Austin expansion.

The seller of the 350,000-square-foot complex on Riata Vista Circle was an entity of San Francisco-based Spear Street Capital. Apple already occupies the entire complex, which it had been leasing. Riata Crossing is across the street from where Apple is building its new Americas Operations Center, a 1-million square-foot project at West Parmer Lane and Delcour Drive that the company has valued at more than $348 million. …Read Entire Post

German investors pick up Prominent Pointe

Prominent Pointe

Prominent Pointe

GLL Real Estate Partners, one of the first major international investors in Austin commercial real estate, expanded its local holdings this week with the purchase of Prominent Pointe I and II (256,000 sf) in Northwest Austin.

The Munich, Germany-based company purchased the two mid-rise buildings for an undisclosed price fromDivcoWest, another significant Austin landlord.

Prominent Pointe is at 8310 N. Capital of Texas Highway. …Read Entire Post

Jobs2Careers moves in as first tenant in new Northwest Austin office park

jobs2careersOne Dec. 15, Jobs2Careers moved into its new offices at the Champion Office Par, a project that just finished construction at TM 2222 and Loop 360.

The job-seeking company relocated from 9606 N. MoPac into 13,000 square feet at Champion Office Park at 6433 Champion Grandview Way, Bldg. II, Suite 100.  Endeavor Real Estate Group designed and built the 220,600-square-foot campus. …Read Entire Post

Websense picks Austin, will bring 470 jobs

Websense Inc. will move its corporate headquarters to Austin and bring with it a projected 470 jobs and about a $10 million investment.

The company’s Feb. 28 announcement follows City Council’s approval of a $438,000 incentives deal that also allowed the company access to a state-funded $4.5 million incentives package. San Diego-based Websense is a …Read Entire Post

Anderson Mill purchased, to be rebranded as Market at Lake Creek

Anderson Mill Shopping Center (171,794 sf), located at 13435 Highway 183 at the intersection of  Lake Creek Pkwy., was recently purchased by a local investor, Anderson Mill Acquisitions LLC.

The community center, currently anchored by 24 Hour Fitness, is slated for some major renovations and will be rebranded as Market at Lake Creek.

…Read Entire Post

Fortis Property Group acquires Aspen Lake office portfolio

Brooklyn, New York-based Fortis Property Group recently acquired three office properties in Far Northwest Austin.  The largest of the three buildings is Aspen Lake One (205,071 sf) – a four-story 100% occupied office building situated at 13875 Research Blvd.   The other two buildings included the 10-story Tower of the Hills (174,000 sf) located at 13809 Research and Tower Point at 13805 Research.

The three properties, located at the intersection of US Highway 183 and …Read Entire Post

Austin Oaks purchased by Spire Realty

Dallas-based Spire Realty Group recently acquired the multi-building Austin Oaks office complex situated on 38 acres located at MoPac Expressway and Spicewood Springs Rd.  Spire also owns Chase Tower, the 21-story downtown office building located at 221 W. Sixth Street.

Spire purchased Austin Oaks from 2011 Austin Oaks Ltd., an affiliate entity of Austin-based Riverside Resources Inc.

…Read Entire Post