Saturday , 1 October 2016
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General Motors Buys Austin Building in Business Park and Redevelopment of Dell Property

General Motors bought this Austin building from Karlin.

General Motors bought this Austin building from Karlin.

AUSTIN – Karlin Real Estate sold a 302,604-square-foot industrial building located at 13201 McCallen Pass in north central Austin to General Motors.

The facility is located within Sector 6, the first phase of the 400-acre master planned technology and office park being developed by Los Angeles-based Karlin and Dallas-based Trammell Crow Co.

Sector 6 is comprised of three existing industrial buildings, which were previously occupied by Dell.  All three buildings have been leased or sold, according to Karlin Vice President Vicky Canto-Ponce who is overseeing the development.

Trammell Crow, acting as master developer, is currently completing the first phase of new construction at PARMER, a three-story, 192,000-square-foot office building and has plans to break ground on an identical building later this year.

“PARMER has drawn a lot of attention from a wide variety of users who are looking for value office space in Austin,” said Mark Emerick of CBRE who along with John Barksdale head the PARMER leasing team. “Since the announcement of the development last July, we have quickly cycled through the one million square feet of existing space and have received numerous proposals for the new construction,” said Emerick.

PARMER is currently zoned for several million square feet of office, industrial, hotel and retail uses.

PARMER is bordered by McCallen Pass on the west, E. Howard Lane on the north, Harris Ridge Boulevard on the East and Parmer Lane on the south, with immediate access to I-35, MoPac and US 183.

Emerick and Barksdale represented Karlin in the sale to GM.  JLL’s AJ Weiner, in the firm’s Detroit office and Liz Ticker and Jake Ragusa in JLL’s Austin office represented GM.

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