1. business and industrial
2. agriculture and forestry
3. farms and ranches

OFFICE
For Lease
FEBRUARY 2015
SQUARE
FEET
AUSTIN PROPERTIES & LAND FOR SALE OR LEASE
INDUSTRIAL
For Lease
For
SALE
BUILD
To Suit
Austin
SUBMARKETS
Our
TEAM
OFFICE
FOR LEASE
<< HOME
AVAILABLE SF
RATE
OPEX
TIs
COMMENTS
CONTACT
CBD
Perry Brooks Tower
OFFICE SPACE:
720 Brazos Street
Ste. 101
600 sf
$28.00
$13.46
Negotiable
Austin, Texas 78701
Ste. 118
642 sf
NNN
Est. for
2015
 2.75/1000 garage parking
 Direct garage access floors 1-5
 Capital & Downtown views
 One block to 6th & Congress
 Remodeled common areas
 Heavy foot traffic along Brazos & 8th Street
 Adjacent to Omni Hotel
Luke Wheeler
512.314.3553
[email protected]
E
Eastside Village
Ste. 100
20,734 sf
$26.00
$11.50
Negotiable
East 6th at Comal Street
Ste. 200
24,103 sf
NNN
Est.
Austin, Texas 78702
Delivering 1/2016
 4 Story Class A office building
 Structured parking at 3.9/1000
 On-site fitness center
 Adjacent to Plaza Saltillo Metro Rail
 Rooftop Terrace Available For Events
 Unique transit-oriented walkable mixed use project inclu. retail, apartments & office
 CBD-Adjacent: 8 blocks east of IH-35
Mike Brown
512.314.3552
[email protected]
N
Offices at the Domain I
100% Leased
$25.50
$13.59
Negotiable
11401 Century Oaks Terrace
NNN
Est. for
Austin, Texas 78759
2014
2,857 sf
$20.00 to
$9.78
Negotiable
 Five-story building
2,258 sf
$22.00 Est. for
 Conveniently located at Hwy 183 & IH-35
3,758 sf*
Gross
2014
 Surface Parking 4/1000
1,434 sf
 On-Site Management
5,667 sf**
 Major hotels, retail & restaurants nearby
3,794 sf**
 On-Site Deli
4,646 sf
*Spec Suite
**Contiguous up to 9,461 sf
901 South MoPac Expressway, Suite 4-250, Austin, Texas 78746
Phone: (512) 328.5600
transwestern.com/austin
Brandon Lester
512.314.3576
[email protected]
 3 floors of Class A office space above retail
Greg Johnson
 Located within The Domain at MoPac/Braker 512.314.3570
 Structured parking 4/1000
[email protected]
 Unmatched local amenities
 In the heart of Austin’s premier high-end
shopping district
N
Chase Park I
Ste. 130
5,975 sf
$20.00 to
$9.78
Negotiable
 Five-story building
7700 Chevy Chase Drive
Ste. 300
4,842 sf
$22.00 Est. for
 Conveniently located at Hwy 183 & IH-35
Austin, Texas 78752
Ste. 450
1,336 sf
Gross
2014
 Surface Parking 4/1000
 On-Site Management
 Major hotels, retail & restaurants nearby
 On-Site Deli
N
Chase Park II
Ste. 104
7500 Chevy Chase Drive
Ste. 115
Austin, Texas 78752
Ste. 116
Ste. 118
Ste. 300
Ste. 370
Ste. 450
Brandon Lester
512.314.3576
[email protected]
Brandon Lester
512.314.3576
[email protected]
Will Stewart
512.314.3574
[email protected]
Brandon Lester
512.314.3576
[email protected]
Will Stewart
512.314.3574
[email protected]
<< 2 >>
OFFICE
FOR LEASE
<< HOME
AVAILABLE SF
RATE
OPEX
TIs
COMMENTS
N
Chase Park III
Ste. 100
4,582 sf
$20.00 to
$9.78
Negotiable
 Three-story building
313 East Anderson Lane
Ste. 105
986 sf
$22.00 Est. for
 Conveniently located at Hwy 183 & IH-35
Austin, Texas 78752
Ste. 120
7,410 sf
Gross
2014
 Surface Parking 4/1000
Ste. 300 17,867 sf
 On-Site Management
 Major hotels, retail & restaurants nearby
 On-Site Deli
N
Chase Park IV
Ste. 120
8,600 sf*
$20.00 to
$9.78
Negotiable
 Two-story building
7715 Chevy Chase Drive
$22.00 Est. for
 Conveniently located at Hwy 183 & IH-35
Austin, Texas 78752
Gross 2014
 Surface Parking 5/1000
*Available 7/2015
 On-Site Management
 Major hotels, retail & restaurants nearby
 On-Site Deli
N
Chase Park V
100% Leased
$20.00 to
$9.78
Negotiable
 Three-story building
7745 Chevy Chase Drive
$22.00 Est. for
 Conveniently located at Hwy 183 & IH-35
Austin, Texas 78752
Gross 2014
 Surface Parking 5/1000
 On-Site Management
 Major hotels, retail & restaurants nearby
 On-Site Deli
Northview Business Ctr NE
Ste. 100
19,889 sf
$19.50
$6.75
Negotiable
 6/1000 surface parking
9001 North IH-35
Ste. 101
19,750 sf
Full
Est. for
 Backup generator available
Austin, Texas 78753
Ste. 106
7,945 sf
Service
2015
 Existing call center setup
 Excellent access & visibility from IH-35
NW
Braker Pointe III
7 full floors
Call Call
Negotiable
10801 N. MoPac Expwy
Up to 195,230 SF
Broker
Broker
Austin, Texas 78759
Available June 2016
28,000 SF Floorplates
901 South MoPac Expressway, Suite 4-250, Austin, Texas 78746
Phone: (512) 328.5600
transwestern.com/austin
 7-story Class A office building
 Adjacent to the Domain
 Covered parking available under building
 Facade & Monument Signage Available
 Excellent access/visibility from N. MoPac
 Above-standard 9.5’ Ceilings
 4/1000 surface & covered parking
CONTACT
Brandon Lester
512.314.3576
[email protected]
Will Stewart
512.314.3574
[email protected]
Brandon Lester
512.314.3576
[email protected]
Will Stewart
512.314.3574
[email protected]
Brandon Lester
512.314.3576
[email protected]
Will Stewart
512.314.3574
[email protected]
Luke Wheeler
512.314.3553
[email protected]
Will Stewart
512.314.3574
[email protected]
Mike Brown
512.314.3552
[email protected]
Brandon Lester
512.314.3576
[email protected]
<< 3 >>
OFFICE
FOR LEASE
<< HOME
AVAILABLE SF
RATE
OPEX
TIs
NW
Research Park Five
Ste. 300
39,237 sf*
$18.50
$11.29
Negotiable
12515-5 Research Blvd.
NNN
Est. for
Austin, Texas 78759
*Divisible
2015
COMMENTS
 3-story building with 5/1000 parking
 Less than 2 miles from the Arboretum
 Easy Access to 4 major highways
 Outdoor grilling and patio area
 Landscaped entrance w/mature trees
 Surrounded by retail and restaurants
Canyon Hills Office Ctr NW
Ste. 206
4,095 sf*
$24.00
$9.45
Negotiable
 Class A 2-story building
11211 Taylor Draper Lane
Gross
Est. for
 Structured parking 3/1000
Austin, Texas 78759
2014
 Gated access
 Excellent access and visibility from
*Available 6/2015
Jollyville Road and Research Blvd.
CONTACT
Mike Brown
512.314.3552
[email protected]
Will Stewart
512.314.3574
[email protected]
Brandon Lester
512.314.3576
[email protected]
Will Stewart
512.314.3574
[email protected]
NW
Austin Surgical Plaza
Ste. 205
4,858 sf*
$24.00
$15.27
Negotiable
 2 story Class A medical office building
Will Stewart
6818 Austin Center Boulevard
NNN
Est. for
 Covered pick-up and drop-off area for
512.314.3574
Austin, Texas 78731
2015
visitors, patients and customers
[email protected]
 5/1000 surface parking
*Available 3/2015
The Millennium Building NW
Suite 400 10,281 sf*
Call
$11.84
Negotiable
6504 Bridgepoint Parkway
Broker
Est. for
Austin, Texas 78730
2015
*Available 5/2015
 5-story Class A building
 Spectacular views of the Pennybacker Bridge (Loop 360) and the Austin CBD
 Rooftop deck available
 3.5/1000 structured parking
 Located in Shepherd Mountain with easy
access to Loop 360
Hale Umstattd
512.314.3551
[email protected]
NW
Riata Gateway
100% Leased
Call
Call
Negotiable
12007 Research Blvd
Broker Broker
Austin, Texas 78759
 3-story Class A building
 Great visibility, direct access to Hwy 183
 Parking ratio of 3.4/1000
 Full service, state-of-the-art conference center
 On-site day care and on-site cafe
 Owner occupied
Luke Wheeler
512.314.3553
[email protected]
901 South MoPac Expressway, Suite 4-250, Austin, Texas 78746
Phone: (512) 328.5600
transwestern.com/austin
Will Stewart
512.314.3574
[email protected]
<< 4 >>
OFFICE
FOR LEASE
<< HOME
Exhibit B: Building B & C Exterior Renovations
(Building A - Lot 2A) same paint color and landscape
AVAILABLE SF
RATE
OPEX
TIs
COMMENTS
NW
Burnet Gateway I & II
BUILDING I
Call CallNegotiable
 Creative office with Class A finishes
2111/2115 Kramer Lane
100% Leased
Broker
Broker
 Monument signage available
Austin, Texas 78758  Parking ratio of 5/1000
BUILDING II  Walking distance to Kramer MetroRail Station
100% Leased
 Close proximity to The Domain
 12’ to 16’ open ceilings
 Lots of natural light
 Building showers
NW
Great Hills Plaza
Ste. 120
1,260 sf
$20.00
$11.23
Negotiable
9600 Great Hills Trail
Ste. 200W 16,006 sf*
NNN
Est. for
Austin, Texas 78759
2015
2111 Kramer Lane - Exterior Renovations
*Divisible
01.17.13
www.austinofficesnw.com
 3-story Class A building
 Spectacular 3-story glass atrium
 Parking ratio of 3.5/1000
 Floor to ceiling glass
 Abundant natural light
 Located adjacent to the Arboretum
 Park-like, tree filled campus setting
NW
Park Centre I-III
BUILDINGS I & II
$15.00 $11.75Negotiable 2 & 4 Story Class A buildings
8601 Ranch Road 620
Suites from 760 sf
to $18.00
Est. for
 Structured & surface parking at 4/1000
Austin, Texas 78730to 5,617 sf available
NNN
2015
 On-site fitness center & deli
 On-site conference center
BUILDING III  Abundant natural light
Suites from 4,036 sf to
 Beautiful campus with foot bridges, a
21,020 sf available
www.austinofficesnw.com
creek and a waterfall
 Lighted intersection
CONTACT
Will Stewart
512.314.3574
[email protected]
Brandon Lester
512.314.3576
[email protected]
Mike Brown
512.314.3552
[email protected]
Brandon Lester
512.314.3576
[email protected]
Mike Brown
512.314.3552
[email protected]
Brandon Lester
512.314.3576
[email protected]
NW
Westech 360 1-4
Various suite sizes from $20.00
$11.93
Negotiable
8911 N. Capital of Texas Hwy
1,335 sf to 8,055 sf
NNN
Est. for
Austin, Texas 78759
2015
www.austinofficesnw.com
 3-story Class A buildings
 Structured & surface parking at 3.5/1000
 On-site fitness & conference centers
 Floor to ceiling glass
 Abundant natural light
 Lighted intersection at Loop 360
 Park-like, tree filled campus setting
CP
Cedar Park Medical
Ste. 1A
4,427 sf
$23.50
$10.00
Negotiable
1401 Medical Parkway
Ste. 1B
6,498 sf
NNN
Est. for
Cedar Park, Texas 78613
Ste. 2A
19,919 sf
2015
Ste. 3A
20,944 sf
Ste. 4A
20,944 sf
 Direct access to Cedar Park Reg. Medical
Will Stewart
Center hospital via enclosed corridor
512.314.3574 [email protected]
 Parking ratio of 5/1000
 Covered drive-up entrance for patient drop off Brandon Lester
 State of the art energy efficient systems
512.314.3576 [email protected]
 High speed elevators
 Located on the Cedar Park Hospital Campus Blair Huddleston
 Adjacent to dozens of restaurants & shopping 512.314.5205 [email protected]
901 South MoPac Expressway, Suite 4-250, Austin, Texas 78746
Phone: (512) 328.5600
transwestern.com/austin
Mike Brown
512.314.3552
[email protected]
Brandon Lester
512.314.3576
[email protected]
<< 5 >>
OFFICE
FOR LEASE
<< HOME
AVAILABLE SF
RATE
OPEX
TIs
COMMENTS
SW
Travis Oaks
Ste. 260
4,895 sf*
$21.00
$12.09
Negotiable
 3-story Class A building
5113 Southwest Parkway
Ste. 150
3,373 sf**
NNN
Est. for
 Structured and surface parking
Austin, Texas 78735
2015
 Parking ratio of 3.8/1000
 Park-like, tree filled campus setting
 Easy access from Southwest Parkway
*Second floor lobby space
**First floor lobby space
SW
CityView Center
100% Leased
Call
Call
Negotiable
 4/1000 structured & surface parking
1122 South Capital of Texas Hwy
Broker Broker
 Lighted intersection at Lost Creek Blvd.
Austin, Texas 78746  CBD and Hill Country views
 Great visibility from Loop 360
 Building signage available
www.cityviewaustin.com
CONTACT
Greg Johnson
512.314.3570
[email protected]
Brandon Lester
512.314.3576
[email protected]
Luke Wheeler
512.314.3553
[email protected]
Will Stewart
512.314.3574
[email protected]
SW
CityView 1-3
BUILDINGS I-II
[Formerly The Setting I, II, III]
100% leased
$20.50
$11.29
Negotiable
1120 South Capital of Texas Hwy
NNN
Est. for
Austin, Texas 78746
BUILDING III
2015
Ste. 1.250 2,815 sf
Ste. 3.220 6,629 sf
www.cityviewaustin.com
 4/1000 parking
 Lighted intersection at Lost Creek Blvd.
 CBD and Hill Country views
 Floor to ceiling glass
 Great visibility from Loop 360
 High ceilings
 On-site gym & showers
Luke Wheeler
512.314.3553
[email protected]
SW
Plaza on the Lake I & II
BUILDING I
5001 & 4801 Plaza on the
Ste. 205 20,379 sf*
$24.50
$13.84
Negotiable
Lake Boulevard
Ste. 105
5,016 sf
to $25.50
Est. for
Austin, Texas 78746
*Divisble
NNN 2015
BUILDING II
100% Leased
 3-story Class A buildings
 Parking ratio of 4/1000
 Hiking trail to Lake Austin
 Great visibility from Loop 360
 One of a kind location with views of Lake Austin and the 360 Bridge
 On-site gym and Chick-Fil-A deli
Greg Johnson
512.314.3570
[email protected]
SW
811 Barton
Ste. 730
3,634 sf*
$25.50
$13.76
Negotiable
 9-story Class A building at edge of CBD
811 Barton Springs Road
NNN
Est. for
 1/333 structured parking
Austin, Texas 78704
2015
 Reserved parking available
 Adjacent to Auditorium Shores hike & *Lobby space w/city view
bike trail, Parmer Events Center
 Walking distance from restaurants, amenities
901 South MoPac Expressway, Suite 4-250, Austin, Texas 78746
Phone: (512) 328.5600
transwestern.com/austin
Will Stewart
512.314.3574
[email protected]
Brandon Lester
512.314.3576
[email protected]
Brandon Lester
512.314.3576
[email protected]
Greg Johnson
512.314.3570
[email protected]
<< 6 >>
OFFICE
FOR LEASE
<< HOME
AVAILABLE SF
RATE
OPEX
TIs
COMMENTS
CONTACT
SW
Triton Center
100% Leased
Call
Call
Negotiable
 3/1000 parking
Brandon Lester
12117 Bee Cave Road
Broker Broker
 Some structured parking available
512.314.3576
Austin, Texas 78738  Signage available
[email protected]
 Near the intersection of Hwy 71 and
Bee Cave Road
Chase Bank Barton Crk SW
100% Leased
Call
Call
Negotiable
 4.5/1000 parking
2224 Walsh Tarlton Road
Broker Broker
 Easy access from Loop 360 and South
Austin, Texas 78746
Capital of Texas Highway
 Hill Country views
 Adjacent to Barton Creek Mall
SW
Spyglass Point
Ste. 270
4,419 sf
$20.00
$11.99
Negotiable
1801 South MoPac Expressway
Ste. 320
5,007 sf
NNN
Est. for
Austin, Texas 78746
2014
 3-story Class A building
Britt Reed
 Rare top floor availability
512.314.3577
 Parking ratio of 4.33/1000
[email protected]
 Mostly hardwall, law firm finishes
 Direct access via Spyglass Drive and
South MoPac Expressway
 Facade & monument signage available
 Downtown views
WC
The Jefferson
Ste. 132
2,877 sf
$20.00
$12.29
Negotiable
 4-story medical/traditional office building
1600 West 38th Street
Ste. 206
908 sf
to $22.00
Est. for
 2 miles west of Seton Hospital
Austin, Texas 78705
Ste. 325
718 sf
NNN
2015
 4/1000 surface & structured parking
Ste. 400
2,541 sf
 Close proximity to numerous amenities
Ste. 406
2,353 sf
including shopping, restaurants, Ste. 408
1,867 sf
banking, healthcare and dental offices
WC
Austin Medical Plaza
Ste. 220
2,010 sf
$22.00
$13.49
Negotiable
3705 Medical Parkway
Ste. 430
2,770 sf
to $24.00
Est. for
Austin, Texas 78705
Ste. 460
6,692 sf
NNN
2015
Ste. 510
2,755 sf
901 South MoPac Expressway, Suite 4-250, Austin, Texas 78746
Phone: (512) 328.5600
transwestern.com/austin
Brandon Lester
512.314.3576
[email protected]
 5-story medical office building
 Structured Parking: $35/space/month
 Next door to Seton Hospital
 Close to restaurants, retail and banking
 4.2/1000 parking ratio
Brandon Lester
512.314.3576
[email protected]
Will Stewart
512.314.3574
[email protected]
Will Stewart
512.314.3574
[email protected]
Brandon Lester
512.314.3576
[email protected]
<< 7 >>
OFFICE
FOR LEASE
<< HOME
AVAILABLE SF
RATE
OPEX
TIs
COMMENTS
CONTACT
WC
Bailey Square
100% Leased
Call
$15.96
Negotiable
 4-story medical office building
Will Stewart
1111 West 34th Street
Broker
Est. for
 1/263 parking ratio
512.314.3574
Austin, Texas 78705
2015
 Close to Seton Hospital
[email protected]
 Near MoPac / Downtown
WC
800 West 34th Street
Ste. 105
1,573 sf
$5.00
$8.59
As-Is
 2-story medical office building
Will Stewart
800 West 34th Street
NNN
Est. for
 Close to Seton Hospital
512.314.3574
Austin, Texas 78705
2015
 103 surface parking spaces
[email protected]
 Parking ratio of 1/240
 Flexible lease terms through 6/30/17
Graying America, Health-Care Overhaul Boosts Medical Properties
Medical-Focused Real Estate Held Up Well During Recession
Wall Street Journal 1/27/2015
Investors are pouring money into buying and developing senior housing, medical-office buildings and other health-care-related properties, a class of commercial real estate that has been outperforming almost all
others since the recession The country’s aging population and recovering economy, as well as major changes taking place in the economics of health care, are fueling demand for more space.
Investors are gravitating to health-care real estate in part because it held up well during the downturn. Since 2007, health-care real-estate investment trusts have outperformed all other property types except for
manufactured homes and self-storage facilities, according to the National Association of Real Estate Investment Trusts. Investors also are betting the Affordable Care Act will translate into millions more visits to doctors
by patients who are getting insurance for the first time. Last year, health-care-focused REIT shares produced total returns of 35.5%, including dividends, Nareit said.
The strong performance and new money flowing into the sector are signs that many investors want to stick with properties that are more recession-resistant. The memory of the pain suffered by owners of office buildings, stores, hotels and many other types of property still runs deep. Health-care property “has a stability factor that’s very attractive,” says John Sweet, chief investment officer of Physicians Realty Trust, a real-estate
investment trust that went public in 2013 at $11.50 a share. It traded recently at about $17.25. Sales and construction activity have been surging. In all, about $5 billion in medical-office buildings were sold last year
continued on page 10 >>
TRANSWESTERN provides monthly MARKET WATCH
snapshots for Austin’s Economy, Office, Industrial,
Apartment and Retail markets. To download this month’s
version of these reports, click the images to the left. <-TRANSWESTERN also provides a quarterly Austin Outlook
Report for the office market. To download the latest report,
click the image to the right. -->
901 South MoPac Expressway, Suite 4-250, Austin, Texas 78746
Phone: (512) 328.5600
transwestern.com/austin
<< 8 >>
INDUSTRIAL
FOR LEASE
<< HOME
AVAILABLE SF
RATE
OPEX
TIs
COMMENTS
CONTACT
N
Summit Park A
Up to 33,178 sf*
$0.70
$0.30
Negotiable
14050 Summit Drive
available
NNN
Est. for
Austin, Texas 78728
2014
*Divisible to 10,000 sf
Also available for sale
 3.5/1000 parking
Luke Wheeler
 Grade level loading
512.314.3553
 Sprinklered
[email protected]
 18’ Clear height
 100% HVAC
 Located off of Wells Branch Parkway and
North MoPac Expressway
NE
Cameron Creek
Ste. 600 7,500 sf
$0.65 NNN
$0.21
Negotiable
Business Park
Est. for
9210 Cameron Road
2014
Austin, Texas 78754
 4/1000 parking
 Dock high & grade level loading
 Sprinklered
 20’ Clear height
 100% HVAC
 Located off Cameron Road near IH-35
NE
Cross Park Industrial
Up to 33,120 sf*
$0.75
$0.30
Negotiable
8701 Cross Park Drive
available
NNN
Est. for
Austin, Texas 78754
2014
*Divisible
Also available for sale
 16’ Clear height
Luke Wheeler
 3 semi-docks & 4 grade level 512.314.3553
 100% Sprinklered
[email protected]
 3.7/1000 parking
 3-phase power, 120/208v & 480v, 400 to 1200 amp
 Column spacing of 27’ x 30’
 Zoned IP - Industrial Park SE
MetCenter 1 & 2
BUILDING 1
7901 Riverside Drive
Ste 100 56,875 sf
$11.50 NNN $3.50
Negotiable
Austin, Texas 78744
(Entire building)
BUILDING 2
Ste. 100 20,546 sf*
$11.50 NNN $3.50
Negotiable
*Divisible
 18’ Clear height
 Dock high loading
 Parking 5/1000
 100% HVAC
 Capital Metro Bus Stop On Site
 Excellent access to IH35, Hwy 71, SH130
Luke Wheeler
512.314.3553
[email protected]
SE
Southpark Commerce
BUILDINGS 1-4
Center 2 - Buildings 1-4
100% Leased
Call
Call
Negotiable
4509 Freidrich Lane
Broker Broker
Austin, Texas 78744
 Parking 2/1000
 Bay depths of 140’ to 185’
 24’ Clear height
 Column spacing of 45’ x 45’
 Dock high loading
 ESFR Sprinklers
 Located just off St. Elmo and IH-35
Luke Wheeler
512.314.3553
[email protected]
901 South MoPac Expressway, Suite 4-250, Austin, Texas 78746
Phone: (512) 328.5600
transwestern.com/austin
Luke Wheeler
512.314.3553
[email protected]
Greg Johnson
512.314.3570
[email protected]
Greg Johnson
512.314.3570
[email protected]
<< 9 >>
INDUSTRIAL
FOR LEASE
<< HOME
AVAILABLE SF
RATE
OPEX
TIs
SE
Southeast Commercial
Ste. 400
5,312 sf
$0.85 NNN
$0.30
Negotiable
4120 Commercial Center Drive
Austin, Texas 78744
COMMENTS
 Brick veneer facade
 16’ Clear height
 Sprinklered
 Heavy power
 100% HVAC
 Semi-dock doors
 Fenced yard
SE
Commerce Center
BUILDING 1
 24’ Clear height
South, Buildings 1 & 2
100% Leased
 Dock high & grade level loading
5810 Comsouth Drive  2.5/1000 parking
Austin, Texas 78744  Signage on Hwy 71
BUILDING 2
10,300 sf (Office/WHS)
$0.60 NNN
$0.25
Negotiable
SE
Commerce Center
19,200 sf
$0.65 NNN
$0.25
Negotiable
 24’ Clear height
South, Building 4  Dock high loading
3500 Comsouth Drive  Parking 2.5/1000
Austin, Texas 78744  Sprinklered
 Phase power, 600 volts
Medical Office (continued)
CONTACT
Luke Wheeler
512.314.3553
[email protected]
Luke Wheeler
512.314.3553
[email protected]
Greg Johnson
512.314.3570
[email protected]
Luke Wheeler
512.314.3553
[email protected]
Greg Johnson
512.314.3570
[email protected]
<< continued from page 8
in the U.S., a record, up from $4.3 billion in 2013, according to John Smelter of the real-estate firm Marcus & Millichap. About 8 million square feet of new medical-office buildings were delivered, up from 7 million
in 2013, but far short of the more than 26.5 million square feet delivered in 2008, Mr. Smelter said.
Medical-related housing—ranging from apartment complexes that exclude younger people to nursing facilities with 24-hour-a-day care—also is experiencing a boom. Sales transactions involving senior housing and
nursing facilities rose to $17.4 billion in 2014 from $14.8 billion in 2013, according to the National Investment Center for Seniors Housing & Care, a Maryland nonprofit organization that tracks investment in the
senior-housing real-estate sector. Construction of assisted-living facilities, which provide more care than regular apartments but less care than nursing homes, is running at more than twice the amount of 2008 to
2011. There were 11,268 units under construction at the end of 2014, compared with the long-term average of 5,450 units under construction each quarter between the end of 2008 and the end of 2011.
Investors, meanwhile, have been flocking to health-care REITs—both those traded on stock exchanges and those that aren’t. Last year, nontraded REITs focused on health-care property raised a record $5.22 billion, up
from $4.11 billion in 2013, according to Robert A. Stanger & Co. While investment in all nontraded REITs has been increasing, the flow of funds has been especially strong lately for health-care properties. The asset
class represented 6% of capital raised in 2008, but 21% of the amount raised in 2013 and 33% in 2014, according to Stanger. Pension funds and other institutional investors also are buying more—either directly or
continued on page 12 >>
901 South MoPac Expressway, Suite 4-250, Austin, Texas 78746
Phone: (512) 328.5600
transwestern.com/austin
<< 10 >>
PROPERTY
FOR SALE
<< HOME
AVAILABLE SF
PRICE
LOCATION
ZONING
RR
1700 Royston
36,576 square foot
$82 psf
Royston Lane LI - Light
1700 Royston Lane
industrial building with
($3M)
near Grand
Industrial
Round Rock, Texas 78664
2 certified clean rooms:
Avenue
(1) Certified 10,000 and Parkway
(2) Certified 100,000. COMMENTS
 100% HVAC, 108 parking spaces
 14,109 sf of office and 4,225 sf of
certified clean room space
 480V 3-phase 800 amp power
 Grade level and Dock High Loading
 Equipment available including 2 autoclaves,
1 Greenberg oven and a 70-ton Trane unit
CONTACT
Luke Wheeler
512.314.3553
[email protected]
AmberOaks Office Site NW
Approximately
Call
Parmer Lane Zoned GR
 All utilities available
Hale Umstattd
Amberglen at Parmer Lane
6.8 acres
Broker
at SH-45
 Heavy power and fiber available
512.314.3551
Austin, Texas 78729  Part of the AmberOaks mixed use campus
[email protected]
Approximately
Call
Parmer Lane Zoned CS
12.8 acres
Broker
at SH-45
NW
AmberOaks Pad Sites
Pad 1: 1.64 acres
Call
Parmer Lane Zoned GR-
 All utilities available
Amberglen at Parmer Lane
at SH-45
General
 Conveniently located off of Parmer Lane
Austin, Texas 78729
Pad 2: 1.12 acres
SOLD
Retail at SH-45 in the AmberOaks mixed use
campus that includes Lifetime Fitness
Pad 3: 1.36 acres
Call
 Great visibility from Parmer Lane
Hale Umstattd
512.314.3551
[email protected]
NE
Cross Park Industrial
33,120 sf
$75
8701
Zoned IP -
 16’ Clear height
Luke Wheeler
8701 Cross Park Drive
2.4 acres
PSF
Cross Park
Industrial
 3 semi-docks & 4 grade level 512.314.3553
Austin, Texas 78754
DrivePark  100% Sprinklered
[email protected]
 3.7/1000 parking
 3-phase power, 120/208v & 480v, 400 to 1200 amp
 Column spacing of 27’ x 30’
N
Summit Park A
53,100 sf
Call
14050
14050 Summit Drive
9.49 acres
Broker
Summit
Austin, Texas 78728
Drive at
Wells Branch
Parkway
901 South MoPac Expressway, Suite 4-250, Austin, Texas 78746
Phone: (512) 328.5600
transwestern.com/austin
 3.5/1000 parking
Luke Wheeler
 Grade level loading
512.314.3553
 Sprinklered
[email protected]
 18’ Clear height
 100% HVAC
 Located off of Wells Branch Parkway and
North MoPac Expressway
<< 11 >>
PROPERTY
FOR SALE
<< HOME
AVAILABLE SF
PRICE
NW
7234 US Hwy 290
Approximately
$899,000
7234 US Highway 290
9 acres
Austin, TX 78723
LOCATION
ZONING
COMMENTS
On Hwy 290
 Traffic Count: 53,000 per day
near the  North side of Hwy 290 near Hwy 183
Hwy 183 &
 Perfect for medical, multifamily or
Hwy 290
hospitality development
Intersection
Medical Office (continued)
CONTACT
Ron Losefsky
512.314.5215
[email protected]
<< continued from page 10
through investment companies such as Harrison Street Capital LLC of Chicago and Boston-based AEW Capital Management. AEW last year closed its second
fund devoted to health-care property, which raised $370 million.
Senior-living apartment complexes were the best-performing property types last year owned by pension funds and other institutional investors, according to
the National Council of Real Estate Investment Fiduciaries. The value of the complexes increased 18.7% in 2014, compared with 13.1% for retail,11.5% for
office and 10.3% for apartments, according to council statistics released earlier this week. Veteran investors in the sector caution that health-care-related real
estate can be riskier than more conventional commercial property like office buildings and stores. Some property types, such as nursing homes that accept
Medicaid and Medicare patients, are vulnerable to changes in federal reimbursement rates. Owners of senior housing also can run into trouble if their tenants,
the operators of these facilities, don’t deliver high-quality care.
“It’s second nature to people who have been doing this for an extended period of time,” says Chris Kazantis, an AEW portfolio manager. “But you can learn
some painful lessons trying to figure that out.” Still, the sector proved resilient during the downturn. While shopping centers and office parks saw vacancies
spike and rents decline, demand for doctors’ offices and senior living facilities stayed relatively steady or fell only slightly. Regular office vacancy rose as high as
13.7% nationwide during the downturn. By comparison the highest vacancy reached by medical office buildings was 10.5%, according to Marcus & Millichap.
Now, demand is improving as the economy rebounds and changes take place in the health-care sector. For example, rising housing prices in many parts of the
country are enabling more seniors to sell their homes and move. Occupancy of housing complexes limited to healthy seniors hit 91.3% in the fourth quarter
of 2014, the highest level since the fourth quarter of 2007. Developers, meanwhile, are cranking up production of new health-care properties that respond to
the changing needs of doctors and hospitals. For example, as hospitals try to become more profitable, many are acquiring physicians’ practices and developing
new office buildings designed to make the delivery of services more efficient.
One of these new facilities opened in 2013 in Tacoma, Wash., developed by Minneapolis-based developer Frauenshuh HealthCare Real Estate Solutions for St.
Joseph Medical Center. The 130,000 square-foot medical-office building has very little space devoted to waiting rooms or doctor’s offices, says Eric Carmichael,
a Frauenshuh principal. Rather, doctors have modular work spaces and patients are assigned to examination rooms as soon as they enter the facility. “It’s making the building work harder,” Mr. Carmichael says. “Any space that sits idle is excess overhead.” Read more at wsj.com
901 South MoPac Expressway, Suite 4-250, Austin, Texas 78746
Phone: (512) 328.5600
transwestern.com/austin
<< 12 >>
BUILD
TO SUIT
<< HOME
AVAILABLE SF
RATE
OPEX
TIs
COMMENTS
NW
AmberOaks Phase IV
Approximately
Call TBDNegotiable
 Fully entitled & permitted
Buildings J, K & L
20 Acres
Broker
 5/1000 parking or more
Amberglen at Briarwick Drive  Heavy power and fiber in place
Austin, Texas 78729
Up to 270,000 sf of
 Flexible site, customizable to your needs office space planned
 Part of AmberOaks mixed use campus
in 3 buildings
 Easy access off Parmer Lane @ SH-45
AmberOaks Office Sites NW
Site 1: Approx 13 acres
Call
TBD
Negotiable
 2 separate buildable sites
Site 1: Briarwick @ Amberglen
Up to 150,000 sf of Broker
 5/1000 parking or more
Site 2: SH-45 @ Briarwick Dr.
office space planned
 Heavy power and fiber in place
Austin, Texas 78729  Flexible sites, customizable to your needs
Site 2: Approx 6.8 acres
 Part of AmberOaks mixed use campus
Up to 100,000 sf of
 Easy access off Parmer Lane @ SH-45
office space planned
CONTACT
Hale Umstattd 512.314.3551
[email protected]
Ty Puckett 512.314.3572
[email protected]
Josh Delk 512.314.3557
[email protected]
Hale Umstattd 512.314.3551
[email protected]
Ty Puckett 512.314.3572
[email protected]
Josh Delk 512.314.3557
[email protected]
For information on development opportunities not listed in this Square Feet Report or to discuss
Transwestern’s office, industrial and multifamily sales listings, please contact any of our
Development and Investment Services team members listed on the last page of this report.
Transwestern Contacts >>
901 South MoPac Expressway, Suite 4-250, Austin, Texas 78746
Phone: (512) 328.5600
transwestern.com/austin
<< 13 >>
AUSTIN, TEXAS
SUBMARKETS
<< HOME
Central Business District (CBD)
Office: 13,251,507 square feet
Industrial: 168,308 square feet
Integra Realty Resources
Central & West Central (C)
IRR VIEWPOINT
Office: 8,274,678 square feet
Industrial: 2,344,998 square feet
RR
East & Northeast (E/NE)
FNW
ar
m
P
Far Northwest (FNW)
e
riv
il D
Ne
Mc
De
ssa
u
Rd
Office: 5,980,055 square feet
Industrial: 23,336,323 square feet
Office: 4,247,272 square feet
Industrial: 2,442,623 square feet
er
Lane
N
North (N)
Burn
et R
d
NW
Office: 5,183,363 square feet
Industrial: 18,997,829 square feet
Blv
d
NE
Office: 15,117,478 square feet
Industrial: 3,869,198 square feet
C
45
th
Round Rock (RR)
SW
Office: 4,643,573 square feet
Industrial: 4,528,633 square feet
St
St
E
MLK
CBD
La
Office: 3,817,170 square feet
Industrial: 14,093,690 square feet
.
lvd
rB
ma
Southeast (SE)
ne
Ben
La
S
Br
od
ie
These numbers reflect the “macro-market,” which includes
multi-tenant, single tenant, owner-occupied and medical
office & industrial space, but not government owned
properties.
51st
th
Office: 7,439,487 square feet
Industrial: 4,587,597 square feet
Office: 10,491,245 square feet
Industrial: 3,829,702 square feet
St
35
South (S)
Southwest (SW)
Lam
ar
Northwest (NW)
IRR Viewpoint 2015 is the CRE industry’s annual
compendium of real estate valuation, investment,
and leasing trends and forecasts. The report
provides data, analysis, and forecasts on local
and national market conditions for all key
industry sectors throughout the United States,
including capital markets, office, multifamily,
retail, industrial, lodging, and self storage. The
25th edition also includes a comprehensive IRR
Forecast section that provides forward-looking
analysis and commentary on all CRE markets and
property types.. For more information visit www.
irr.com
Wil
liam
Whit
e
Can
non
SE
Slau
Austin-Bergstrom
International Airport
ghte
r Ln
Sources: CoStar, Transwestern
901 South MoPac Expressway, Suite 4-250, Austin, Texas 78746
Phone: (512) 328.5600
transwestern.com/austin
<< 14 >>
TRANSWESTERN’S
AUSTIN TEAM
<< HOME
Ty Puckett, Executive Vice President
Development & Investment Sales
512.314.3572
[email protected]
Mike Brown, Senior Vice President
Agency Leasing & Business Development
512.314.3552
[email protected]
Josh Delk, Associate Vice President
Development & Investment Sales
512.314.3557
[email protected]
Hale Umstattd, Executive Managing Director
Investment Sales & Corporate Services
512.314.3551
[email protected]
Britt Reed, Senior Vice President
Tenant Advisory & Agency Leasing
512.314.3577
[email protected]
Will Stewart, Associate Vice President
Agency Leasing & Tenant Advisory
512.314.3574
[email protected]
Leah Gallagher, Managing Director
Investment Sales
512.314.3571
[email protected]
Greg Johnson, Vice President
Agency Leasing
512.314.3570
[email protected]
Tim Ryan, Senior Associate
Development & Investment Sales
512.314.3961
[email protected]
Jeff Rogers, Managing Director
Investment Sales - Multifamily
512.314.5207
[email protected]
Luke Wheeler, Vice President
Agency Leasing & Tenant Advisory
512.314.3553
[email protected]
Robert Gaston, Exec. Vice President
Central Texas
512.314.3554
[email protected]
Chris Stutzman, Managing Director
Investment Sales - Multifamily
512.314.5203
[email protected]
Brandon Lester, Associate Vice President
Agency Leasing & Tenant Advisory
512.314.3576
[email protected]
Karen Judson, Vice President
Marketing & Research
512.314.3560
[email protected]
TRANSWESTERN is a privately held, SSAE16 compliant
national commercial real estate firm focused on creating
value for our clients in each local market we serve. We
employ over 2,000+ team members and operate in 34 cities
across the US. Through our strategic alliance with BNP
Paribas Real Estate, Transwestern has extended its global
reach to serve clients in Europe, the Middle East, Africa
and India. Transwestern leads the industry in sustainability
and has received multiple ENERGY STAR© awards from the
Environmental Protection Agency (EPA). With over 87 local
employees, the TRANSWESTERN AUSTIN office currently
leases and manages a diverse portfolio of approximately 8.5
million square feet of office, industrial and retail space in
the Austin/Round Rock area. Please contact us today and let
us know how we can be of service to you. Call 512.328.5600
or visit our website at www.transwestern.com/austin.
SEATTLE
MINNEAPOLIS
BOSTON
MILWAUKEE
SAN
FRANCISCO
SILICON
VALLEY
DETROIT
GREENWICH
NEW YORK
NEW JERSEY
CHICAGO
WALNUT CREEK
LOS ANGELES
ORANGE COUNTY
SAN DIEGO
SALT LAKE
CITY
DENVER
ST. LOUIS
PHOENIX
901 South MoPac Expressway, Suite 4-250, Austin, Texas 78746
Phone: (512) 328.5600
transwestern.com/austin
BETHESDA
WASHINGTON DC
BALTIMORE
NORTHERN
VIRGINIA
OKLAHOMA
CITY
ATLANTA
FORT
DALLAS
WORTH
AUSTIN
SAN ANTONIO
HOUSTON
NEW ORLEANS
ORLANDO
FORT LAUDERDALE
MIAMI-DADE
<< 15