REOC Austin
Commercial Real Estate Since 1975


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

Got a Commercial Real Estate Need or Question?

Ask One of Our Trusted Advisors

Austin tops Dallas in national real estate development report

uli-logoThis week’s Fall Meeting of the Urban Land Institute is Dallas’ chance to shine with tours and events planned across the city. But when the highly anticipated annual survey “Emerging Trends in Real Estate” was released Wednesday morning, Austin claimed the coveted top spot for best overall real estate investment and development opportunities in the U.S. …Read Entire Post


Vacant Four Points Wal-Mart location sold to investor

The 220,000-square-foot Wal-Mart Supercenter near Concordia University, located at 8201 N. RR 620, was sold to PacVentures Inc., a California-based commercial real estate company.

The store closed Jan. 28. “We are looking at converting [the building] into offices and nontraditional uses such as recreational facilities,” Founding Principal Andrew Kaplan said. …Read Entire Post

Mobility Authority, TxDOT break ground on $743 million 183 South project

183 South Project

183 South Project

Upon completion in 2020, the 183 South project will quadruple the capacity to drivers east of downtown Austin and open access regionally to the Austin-Bergstrom International Airport.

Construction will begin in May on the $743 million project, which will include building three tolled lanes in each direction on US 183 between Hwy. 290 and SH 71 and also include three nontolled lanes in each direction with bike lanes and a shared-use path.

The first phase of the project between Hwy. 290 and Techni Center Drive is anticipated to be finished in 2019 with full completion of the project in 2020.

…Read Entire Post

Ownership group seeks developers’ proposals for Statesman property

305 S Congress Image courtesy of Xceligent

305 S Congress
Image courtesy of Xceligent

In the first formal step toward redeveloping its prime Austin waterfront site, the family that owns the Austin American-Statesman land announced that it wants to hear ideas from qualified developers who would be interested in transforming the 18.9-acre newspaper site into a large mixed-use project.

The Statesman site, at 305 S. Congress Ave. along the southern banks of Lady Bird Lake, has long been coveted by developers. The solicitation issued, known as a “request for …Read Entire Post

Tech giant Oracle to build massive campus in Austin

AZUL Lakeshore

AZUL Lakeshore

Oracle Corp. disclosed plans Tuesday to build a 560,000-square-foot campus along Lady Bird Lake in East Austin to focus on cloud computing technology — and has acquired a 295-unit apartment building nearby to house some of its workers.

In setting up the new Austin campus, the California tech giant plans to increase the number of local employees by 50 percent. Company officials declined to disclose the number of local workers and no timeline …Read Entire Post

Pedestrian mall, new buildings planned for area north of Capitol

capitolA long-envisioned pedestrian mall — along with a pair of new office buildings — is being planned for the area immediately north of the Capitol.

Back in the 1940 and 1950s, planners in state government imagined a tree-lined civic space among state office buildings that frame Congress Avenue in the blocks north of the center of state government. Now, officials with the Texas …Read Entire Post

Site for Montessori School purchased in North Central Austin

Omsai Joint Venture, LLC has purchased 3.75 acres on Metric Lane, just north of Parmer Lane, from Catoosa Springs Partners, LP.  The site is adjacent to Westview Middle School and Parmer Lane Elementary.  NAI Austin’s Josh Hubka, a Land Specialist and CCIM Candidate, represented the buyer, who plans to build a 10,000 square foot Montessori School with an enrollment of 160 children, ages 2-5.  This will be the first Montessori School in Austin for Ashok Someshwar, the buyer, who currently has two schools in Plano.  He plans to sell the excess land to a medical office developer.

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

Buildings surpass previous LEED certifications

As more Austin-area developments are looking to become LEED certified to reduce their impact on the environment, they are also moving up in their environmental certification.

Last week, a North Austin office development, which started construction in January, became gold LEED pre-certified as a result of its energy and water efficiency, use of local and recycled materials and the provision of facilities for bicycling commuters. Located at Oak Creek Drive and MoPac Expressway, Oak Creek Plaza is a Class A 50,000 square foot office building on four acres of land near the Capital Metropolitan Transportation Authority’s commuter rail. Real estate developers have figured out that developing LEED certified office buildings will not only be a benefit to the environment but will also make their buildings more attractive to tenants, especially those from the West Coast. Oak Creek Plaza is one of the first gold LEED certified projects in Austin and will be finished in October of this year.

In May, the Ronald McDonald House of Austin and Central Texas became platinum LEED certified as a result of its landscape architecture and rooftop solar panels that power at least half of the rooms and avoid 30,000 pounds of carbon dioxide emissions annually. Located at 1315 Barbara Jordan Boulevard and completed in 2007, this 28,500 square foot facility is the first solar-powered Ronald McDonald House in the world.

South Austin Thrives Amidst Development Boom

The South Austin area surrounding South Congress and Ben White is growing substantially as it plays host to development projects which include residential, retail and office space. Also being built is the South Central Transit Center, a new part of the Capital Metropolitan Transportation Authority system, which will serve to improve the city’s public transportation, beginning in early fall.

Some projects coming online soon are 2900 South Congress, a 21-unit office complex and SoCo Lofts, a housing complex with more than 20,000 sf of restaurant, retail and office space. The Abby at Ben White, a 48,938 sf shopping center built in 2007, recently came onto the market. It is currently home to a diverse group of tenants and is selling for $12.5 million.

This area, just minutes from downtown, has become a bustling hub of expansion with a live/work/play design. Its convenient location is not only close to the heart of Austin, but is also near many major roadways, such as U.S. Highways 35, 290 West, 71, and a short distance from both 360 and MoPac. It is also just minutes from Austin-Bergstrom International Airport and rests on the doorstep of St. Edward’s University.

For more information on the South Austin commercial real estate market or properties, contact the professionals at NAI Austin through For retail information, contact NAI Austin Retail Specialist Sherry Sanchez; for office information, contact NAI Austin Office Specialist Lise Wineland.