REOC Austin
Commercial Real Estate Since 1975


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

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Pharma giant gets state incentives to build IT hub in Austin

merck-coThe New Jersey-based pharmaceutical giant will receive $6 million from the Texas Enterprise Fund, according to a Monday announcement from Gov. Greg Abbott. …Read Entire Post


National Instruments to add 1,000 Austin jobs, invest $80 million


National Instruments

National Instruments, a pioneering technology company in Austin, plans to invest $80 million and add 1,000 technical and engineering jobs locally over the next 10 years to serve its steadily expanding business.  The project was announced by the Texas governor’s office, which said the company will receive $4.4 million in incentives from the state-run Texas Enterprise Fund to close the deal.

If City and County incentive agreements are approved, the company could start …Read Entire Post

HID Global purchases land in NE Austin for 200,000 sf facility

California-based HID Global, which designs and produces a range of security and identity-authentication technologies, recently purchased 22.76 acres at 617 Center Ridge for an undisclosed amount from Centerstate 99 Ltd. with plans to build a $36-million operations center in Northeast Austin that will span 200,000 square feet. …Read Entire Post

News group plans HQ facility at 130 Commerce Center

130 Commerce Center

Community Impact Newspaper recently purchased five acres of land in the master-planned development at 130 Commerce Center to build a $2.5 million campus featuring a 16,000 square-foot corporate headquarters.  Construction of the facility located at the southwest corner of SH 130 and Pecan St. is expected to be complete by the end of next year. 

Upon completion, the 60 Pflugerville employees will vacate nearly 10,000 square feet of office space at 821 Grand Avenue Parkway in order to move into the new space.

Click to read: ‘Community Impact Newspaper’ agrees to build new corporate HQ in Pflugerville (Community Impact News, 12-18-12)

Apple to create 3,600 jobs in Austin

Texas Gov. Rick Perry announced March 9th that Apple will expand its operations in Austin with a $304 million investment in a new campus that will create 3,600 new jobs.  The new campus will more than double the size of Apple’s workforce in Texas over the next decade, supporting the company’s growing operations in the Americas with expanded customer support, sales and accounting functions for the region.

Click to read the full story: Apple to create 3,600 jobs in Austin (Austin American-Statesman, 3-9-12) and for more information read Apple’s expansion in Austin will add 3,600 workers, says Texas Governor (REBusinessOnline.com_3-12-12)

SunPower investing $10M in Austin

San Jose, CA-based SunPower Corp., leader in solar technology, announced plans to invest $10 million to establish a new U.S. operations facility in Austin, Texas.  The company is expected to create 450 jobs over the next four years.  The Texas Enterprise Fund (TEF) is supporting the expansion with a $2.5 million investment. …Read Entire Post

Industrial Tenant Opportunities Abound in Southeast Austin

Southeast Submarket and Austin Bergstrom Airport areas office space:

Airport Commerce Park –Austin Developers recently completed this 44.32-acre business park, located at the northwest corner of U. S. Highways 71 East and 183 South, on the north side of Airport Commerce Drive. Six buildings, ranging from 43,600 to 69,000 square feet and totaling 327,809 square feet, complete the first phase of the business park. Currently, 278,000 square feet are available. Each 40′ x 30′ building will have a clear height of 24′ and a 120′ bay depth. Developers have the ability to provide a parking ratio of 4:1,000.

MetCenter is a progressive corporate park and an innovative offering for Austin commercial real estate. Located at the intersection of Highways 71 & 183, MetCenter is in close proximity to Austin Bergstrom International Airport, which provides tenants with easy routes to all parts of Austin and Central Texas. Currently, existing buildings are at full capacity. However, there are 350 build-to-suit acres available on the 550-acre campus. Notable tenants include General Motors, PPD and Austin-born Heliovolt. Created in 2001, the corporate park provides many amenities for tenants, including on-site hotel accommodations and restaurants, and a retail center that is planned for the near future. For the physically active professional, MetCenter has a basketball/tennis complex, 1.5-mile hike and bike trail and a disc golf course. Additionally, a child-care center is in the works. There is a 4:1,000 parking ratio and two on-site electrical substations provide dual-feed redundant electric service, making the campus perfect for data centers.