CBRE Will Market 12-building Office Park

AUSTIN, TX—CBRE's Institutional Group has been retained to market for Austin Oaks, a 445,322-square-foot, 12-building office campus here.

Austin Oaks prominently sits on approximately 38 acres along the well-traveled North Mopac Expressway corridor and offers convenient access to and from the Arboretum and Domain mixed-use retail developments and downtown Austin.

The campus is situated in the Northwest office submarket, which consistently maintains some of the highest absorption totals and rental rates in the city and is home to many recognized technology companies, including Apple, Cisco, HP, Microsoft, National Instruments, IBM and Google.

Currently 94% leased, Austin Oaks provides investors with an excellent opportunity to acquire a recently renovated office park with attractive in-place cash flow from a diverse blend of stable tenants. In addition, the existing vacancy and near-term rollover provide excellent value enhancement potential and the ability to capitalize on Austin's tremendous growth as leases roll to rapidly increasing rental rates.

Todd Mills of CBRE will market Austin Oaks for Riverside Resources.

“Riverside Resources has invested significant capital into transforming and modernizing Austin Oaks and we are proud to represent them in this exciting endeavor,” said Mills, an executive vice president with CBRE.