701 Rio will be afive-story 120,983-square-foot class-A office building with fivelevels of subterranean parking.
AUSTIN, TX—Real estate investment manager Barings anddevelopment group B&Z Development broke ground today on thenewest downtown office property, 701 Rio. Located in one of themost desirable locations, 701 Rio will be a five-story120,983-square-foot class-A office building with five levels ofsubterranean parking.
"This is a great opportunity to bolster our office footprintwith an excellent partner in a well-established high growth market.701 Rio will benefit greatly from its premier location, withexcellent connectivity for professionals and new companies in thethriving Austin market," said John Ockerbloom, Barings' head of USreal estate equity.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
