"This is a niche market that's highly accessible and in an areathat's sustained rental rates," says Clint Harrington, Equastone'sexecutive vice president of the Texas region. "There isn't a lot ofcompetitive supply in the direct submarket and there's a highbarrier of entry for new supply." The five-story office building,constructed in 1985 at 505 E. Huntland Ave., is assessed at $11.6million by Travis Central Appraisal District.

Harrington tells GlobeSt.com that some renovations are plannedfor the class B building, but a firm budget hasn't beenestablished. "We'll be renovating the lobbies and elevators andtrying to make some of the vacancies more attractive for lease," headds.

The building is 80% occupied. Harrington says the roll is evenlyspread out during the next three to four years, with no majorexpirations coming due in the near future.