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

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Industrial Space on the way at Southpark Commerce Center

Southeast Austin’s Southpark Commerce Center is set to receive more than 350,000 sf of speculative space from Ridge, Transwestern’s industrial development arm.

The project, recently started on a 24.17-acre site near I-35 and SH 71, will be composed of three Class A buildings—a service center and two warehouses—intended for use by multiple tenants.  …Read Entire Post

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Austin to open 107 acres for manufacturing development

The city of Austin recently announced that it will invest $3 million and release 107 city-owned acres at FM 812 & FM 973 near the airport to private manufacturers in an effort to jump-start the industry in the area.

The goal is to use low-cost, long-term leases and access to shipping corridors and recycled materials to attract manufacturers that work with recycled or reused materials to land near a former city landfill. If all goes to plan, the effort is projected to drive more than $30 …Read Entire Post

Riverside Resources to renovate and re-brand former AMD facility

Austin-based Riverside Resources recently purchased the former Advanced Micro Devices (AMD) campus (219,425 sf) located at 5900 E. Ben White Blvd with plans for a substantial renovation.

Hoping to attract a new corporate user, Riverside plans to spend more than $1 million on improvements to include renovation of the lobby, restrooms and common areas as well as landscaping improvements.  The …Read Entire Post

TCEA acquires 3100 Alvin Devane building

Texas Computer Education Association (TCEA) recently purchased one of two office buildings located on the city’s southeast side at 3100 Alvin Devane Blvd. formerly known as Sierra Technology Center.  TCEA, which promotes the use of technology in the classroom, reportedly paid $2.9 million to Drawbridge Realty Trust for the 37,297-sf building which is visible from East Ben White Blvd. near Montopolis Drive.

The association plans to renovate the space before relocating from its …Read Entire Post

Sold: Austin Industrial Park & Wall Street Business Park

Wall Street Business Park

Wall Street Business Park

San Francisco-based Industry Capital Advisors LLC recently purchased two Austin-area industrial properties from RLA Real Estate.  The local portfolio included Austin Industrial Park (93,750 sf), located at 5214 Burleson Road in the Southeast submarket, and Wall Street Business Park (70,000 sf), located at 8900-8906 Wall Street in the master-planned Walnut Creek Business Park situated in the Northeast submarket.  …Read Entire Post

NAI REOC Austin facilitates sale of 67 acres to City of Austin for recreational use

Park-River-SceneThe City of Austin recently purchased 67.1 acres located just two miles north of the Austin airport at the intersection of Hwy 183 (Ed Bluestein) and Bolm Road in southeast Austin.   Josh Hubka, CCIM and Joyce Jane Weedman, both of NAI Austin, represented the Seller, Capitol Aggregates.   

The City of Austin closed on the tract June 25, 2013.   The City plans to use the tract for recreational use.  The intent is to build athletic fields and use the frontage along the Colorado River for trails and play grounds.  “The City of Austin was the perfect buyer for this property.  The land is flat and the frontage along the river is well-suited for parks, trails, and ball fields.  This will be a great amenity to this part of Austin,” said Hubka.  Of the 67.1 acres, 42 acres were net of the floodplain. 

…Read Entire Post

Digital Realty takes six MetCenter buildings

MetCenterMDigital Realty Trust Inc. recently acquired six buildings totaling approximately 337,000 sf at MetCenter Business Park located at 7500 Metro Center Drive in Southeast Austin. The purchase price was reportedly $31.9 million. Two of the six buildings, totaling approximately 100,000 net rentable sf, are operating data centers that are 100 percent leased to three tenants. …Read Entire Post

Biotech co. looks to build $200M campus in E. Austin

XBiotech USA Inc. wants to build a huge $200 million campus in East Austin that could employ up to 2,000 people – and the company is seeking government incentives to make it happen.

XBiotech has bought a 48-acre site at 5217 Winnebago Lane not far from its current location at 8201 E. Riverside Drive.

Click to read Biotech co. looks to build $200M campus in E. Austin (Austin Business Journal, 8-30-12)

For more information, read the company’s recent press release XBiotech Breaking Ground on 67,000sf manufacturing facility (4-13-12).

AFCO signs United Airlines at 3400 Spirit of Texas Drive

REOC Austin’s Jerry Heare, SIOR represented AFCO, the landlord of 3400 Spirit of Texas Dr. – a 22,000 square-foot industrial building at Austin-Bergstrom International Aiport where United Airlines recently leased 6,000 square feet.

NAI REOC Austin facilitates sale of Freescale's former East Austin campus

 

Portion of Freescale’s E Austin campus

A large portion of the Freescale facility located at 3501 Ed Bluestein Blvd. in southeast Austin recently landed a new owner.  MFPB Ed Bluestein LLC, comprised of several real estate investors, purchased the sprawling 935,255-square-foot facility which spans nine buildings situated on 109 acres.  The new owners are expected to spend additional funds to upgrade the decades-old facility as they are able to attract new and expanding tenants looking for large blocks of space.  Helen Jobes, CCIM, with Kennedy Wilson represented the buyer in the sale.

The seller, Freescale Semiconductor, was represented by REOC Austin’s Royce Lacey, SIOR, BCCR, Senior Vice President – Corporate Services Specialist, and Alan Lacey, CCIM, Vice President – Corporate Services Specialist.  The sale does not affect operations at the adjacent Freescale semiconductor chip manufacturing plant located just north of the 3501 Ed Bluestein facility – one of three Freescale facilities operating in the Austin area.