Keen Investor Interest Continues as Austin Theme

The lobby of the business park has an industrial yet warm feel in its design.

AUSTIN, TX—Bolstering its status as the most active market in terms of population migration, employment growth and overall economy, the commercial real estate industry continues to follow suit with investor interest in the Austin metro. This time, an out-of-state investor has entered the fray in the north part of Austin’s booming urban core. Newport Beach, CA-based real estate investment company, MIG Real Estate, has acquired three buildings in the Braker Center Business Park, including more than 218,000 square feet of flex/office and light industrial space. The purchase price was undisclosed.

“These buildings represent a tremendous opportunity to invest in a market that rivals most markets in the US,” said Greg Merage, CEO of MIG Real Estate. “Austin not only boasts the number one fastest-growing large city economy in the US, it ranks as number two in the nation for job and population growth, overall real estate prospects and the most stable housing market.”