Thank you for sharing!

Your article was successfully shared with the contacts you provided.

AUSTIN-With the disappearance of Aperian Inc. as a data center company, two properties are on the market in East Austin. One is the company’s Austin data center and the other is a restaurant-turned-office building at 1121 E. Seventh St. that will remain as an office building. “We’ve put it back on the market,” owner Bob Foster tells GlobeSt.com. “We had offers to sell it. We’re going to continue leasing it.”

Foster says there’s a lot of interest in that area, just east of Interstate 35 and close to Downtown Austin. He notes, that as a former restaurant, the Spanish-style building has twice the parking as comparably sized buildings. Foster, an investor and adviser to entrepreneurs, has listed the 11,200-sf building with Joseph Hoover Co.

Aperian, now called Fourthstage after a merger, is concentrating on providing information technology consulting services. Although the company has moved its headquarters to Fourthstage’s base of Phoenix, the company will maintain business operations in Austin. It is moving to 8,000 sf in a building along Steck Avenue in north Austin. Colleen Ryan, Fourthstage’s vice president of corporate communications and marketing, says the company is in negotiations to sell the data centers.

The East Seventh Street building had been Don Limon restaurant, which had been financed by the city of Austin under a controversial loan program. The city wrote off $360,000 (out of a $400,000 loan) when the restaurant filed for Chapter 7 bankruptcy in 1997. Foster bought the building in 1999 from a Dallas-based restaurant company.

The building’s interior had been redone for Aperian’s move in. “I tried to talk them into keeping the Spanish-style items, but they completely renovated it,” Foster says.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.