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 AUSTIN, TX-CBRE has negotiated the sale of the Continental Building, 9101 Burnet Road and the Briarcroft Building at 12710 Research Boulevard, on behalf of international real estate investment and services company, Kennedy Wilson. OakPoint of Nashville, TN, purchased the portfolio for an undisclosed price.

Continental Building is a 58,700-square-foot class B office property in the North Central Austin submarket. Tenants benefit from the property’s proximity to the Kramer Capital MetroRail Station. Additionally, the building sits within the boundaries of the City of Austin’s North Burnet/Gateway Master Plan, which includes improvements and rezoning for restaurants, transportation and other mixed-use enhancements that would significantly grow the area’s population and density by 2035. At the time of closing, it was 85% occupied.

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