Rents in Austin are recording a visible increase during the past 12 months due to a couple of factors, of which the most striking is the area's economic development last year and continuing this year.
The deal is structured as a sale leaseback as part of a consortium alongside Related Cos. and a third-party investor.
The recently sold 81,660-square-foot creative office and adaptive-reuse project fully leased to H-E-B is located amid the trendy East Austin neighborhood.
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