BREAKING NEWS

Energy Corridor Building Acquired

Multifamily Construction to Fall 28 Percent, says NAHB

Woodforest Bank Buys Buildings in The Woodlands

RNR Real Estate Briefs – HOU, AUS, DAL & more

A Tide of Transformation: The Ralph Bivins Project podcast with…

After Selling Exxon Building, Shorenstein has Another Sale Working

REALTY NEWS REPORT - Logo

Banner
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact
FacebookLinkedinYoutubeEmail
REALTY NEWS REPORT - Logo

Los Angeles Group Buys Austin Acreage

by Realty News ReportNovember 15, 2012
Share0

AUSTIN – Karlin Real Estate has acquired 297 acres – one of the largest parcels of developable land in northeast Austin – for a master planned technology and office park.

The site, located near Interstate 35,  is bordered by McCallen Pass on the West, E. Howard Lane on the North, Harris Ridge Boulevard on the East and Tech Ridge Boulevard on the South, is currently zoned for up to 9 million sf of office, industrial, hotel and retail uses.

Matthew Schwab is managing director of Los Angeles-based Karlin.“Major corporations are attracted to Austin for its reputation as a vibrant business community which is sparked by the flood of intellectual capital coming into the city that will continue the overall trend of job growth,” said Schwab. “Based upon the large blocks of space rapidly being absorbed, we believe Austin is one of the few cities in the country ready for new development.”

The land neighbors three large commercial and industrial/warehouse buildings totaling approximately 900,000 square feet, which were acquired in separate transactions by Karlin earlier this year. Two of the buildings were 100 percent leased at closing. The third, a vacant 320,000 square-foot Class A office building was subsequently leased by Karlin to General Motors in a long-term lease transaction.

Share0
previous post
Credit Suisse Makes First Houston Office Deal
next post
Granite Sells Westchase Buildings for $154.7 Million

Related posts

Multifamily Construction to Fall 28 Percent, says NAHB

Realty News ReportFebruary 1, 2023

RNR Real Estate Briefs – HOU, AUS, DAL & more

Realty News ReportJanuary 28, 2023

A Tide of Transformation: The Ralph Bivins Project podcast with Anna Deans of Midway

Realty News ReportJanuary 24, 2023January 25, 2023

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Search News

Partners Ad
CBRE Ad
Arch Con Corporation Ad
Hines Ad
Avera Ad
Ziegler Cooper Ad
Lee & Associates Ad
2021 Realty News Report Ad
Property Logos
RNR - Lincoln Property Company
Hal Gordon - Property Tax Lawyer
Hunington Ad
Evergreen Commercial Realty
STREAM Ad
Hunington Ad

Let's Connect

logo
About US
Author Ralph Bivins is editor of Realty News Report, which covers regional and national news. Bivins recently received the Gold Award for Best Column in the National Association of Real Estate Editors Journalism Competition. Contact us
Follow us
FacebookLinkedinYoutubeEmail
@2022 All Right Reserved. Powered by CGS Digital Marketing
REALTY NEWS REPORT - Logo
FacebookLinkedinYoutubeEmail
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact