January 30, 2024
AUSTIN – Transwestern Real Estate Services (TRS) announces it has been named the exclusive leasing agent for eight Class A office buildings located in the Northwest Austin submarket. Westech 360 (4 buildings), Great Hills Plaza and Park Centre (3 buildings) are owned by Pacific Oak Capital Advisors. Transwestern’s Brandon Lester, Max Appling and Marshall Thurmond will provide Agency Leasing Services for the following assets:
- Westech 360, a premier four-building, 175,557-square-foot suburban office campus located at 8911 N Capital of Texas Highway, boasts fully amenitized and renovated features, from its atrium lobbies and common corridors to its on-site fitness studio, conference facility, honesty market, activated outdoor space and campus-wide signage and wayfinding upgrades. Among its notable tenants are industry leaders including Evernote, Lockwood, Andrews & Newnam, Office Evolution, and Flahive, Ogden & Latson. This thriving business hub provides a dynamic and collaborative environment for its tenants, reflecting a commitment to fostering success and innovation. For many, the red ‘Checkmark’ on Building Four’s exterior is synonymous with Austin’s ‘Silicon Hills’ moniker. Actively underway with phase one delivering in early March 2024, is a signature spec workplace program ranging from 3,575 to 8,239 SF. A total of four spec suites will be delivered before close of 2Q, each designed for a balance of intentional collaboration and intensive focus for today’s hybrid teams in mind.
- Great Hills Plaza, an exceptional 140,748-square-foot workplace located at 9600 Great Hills Trail in the heart of the Arboretum, stands as a prime location surrounded by a plethora of restaurants and retailers. Noteworthy tenants that contribute to the vibrancy of this project include Regus, Pattern Bioscience, Ferrovial, e2Open, and Intera. Great Hills Plaza’s strategic positioning, coupled with its diverse tenant roster, makes it an ideal hub for businesses seeking a dynamic and well-connected environment. Actively wrapping its full building capital renovation, Great Hills Plaza celebrates an upgraded atrium lobby, atrium lounges, elevator lobbies and common corridors. Premium spec suites will be available for immediate move in mid-2024.
- Park Centre, a three-building, 205,096-square-foot office campus located at 8601 Ranch Road 2222, offers on-site convenience and a mature forested setting to its professional tenant base. a tenant lounge, structured parking, and inviting outdoor gathering spaces. Notably, it houses Microchip's Austin operations, showcasing its appeal to industry leaders. This well-equipped campus provides an ideal setting for businesses seeking a peaceful suburban oasis in a beautiful natural setting. Additionally, it presents an opportunity for a sizable user, approximately 35,000 square feet, to purchase one of the office buildings.
“We are proud to expand Transwestern’s long-standing relationship with Pacific Oak Capital Advisors to Central Texas,” said Lester. “These assets are some of the most recognizable suburban office buildings in the entire city, and we look forward to the opportunity to showcase them to the market.”
Transwestern also provides Asset Services, including property management, for the portfolio.
Photos of the portfolio are available for download here.
About Transwestern Real Estate Services
Part of the Transwestern companies, Transwestern Real Estate Services (TRS) strives to add value for investors, owners and occupiers across all commercial property types. Fueled by a holistic perspective of the real estate life cycle, agility and creativity are hallmarks of our approach, while vast national resources and sound market intelligence underpin customized recommendations and property solutions.
Five dynamic, integrated companies make up the Transwestern enterprise, giving us the perspective to think broadly, deeply and creatively about commercial real estate. Clients and investors rely on us for expertise that spans institutional and opportunistic investment, development, hospitality, and brokerage and asset services. Our award-winning, collaborative culture empowers team members with resources and independence to work across boundaries in pursuit of innovative solutions, reinforcing a reputation for service excellence that translates to measurable results. Through offices nationwide and alliance partners around the globe, we positively impact the built environment and our communities while fostering a work climate that champions career vitality for all. Learn more at transwestern.com and @Transwestern.
About Keppel Pacific Oak US REIT
About Keppel Pacific Oak US REIT (www.koreusreit.com) Keppel Pacific Oak US REIT (KORE) is a distinctive office REIT listed on the main board of the Singapore Exchange Securities Trading Limited (SGX-ST) on 9 November 2017. KORE leverages its focus on the fast- growing technology, advertising, media and information (TAMI), as well as medical and healthcare sectors across key growth markets in the United States (US), and aims to be the first choice US office S-REIT providing sustainable distributions and strong total returns for Unitholders. KORE invests in a diversified portfolio of income-producing commercial assets and real estate-related assets in key growth markets characterised by positive economic and office fundamentals that generally outpace the US national average, and the average of the gateway cities. These markets include the Super Sun Belt and 18-Hour Cities, which have and continue to see an accelerated influx of talent as part of The Great American Move. As at 31 December 2023, KORE's portfolio comprised a balanced mix of 13 freehold office buildings and business campuses across eight key growth markets driven by technology and innovation in the US. With a combined asset value of USS1.33 billion and an aggregate net lettable area of approximately 4.8 million sf, these properties encompass a diversified high-quality tenant base in the growing and defensive sectors of TAMI, as well as medical and healthcare, which make up 50.9% of KORE's portfolio by cash rental income. KORE is managed by Keppel Pacific Oak US REIT Management Pte. Ltd., which is jointly owned by two Sponsors, Keppel, a global asset manager and operator with strong expertise in sustainability-related solutions spanning the areas of infrastructure, real estate and connectivity, and KORE Pacific Advisors, an established commercial real estate investment manager in the US.
About Pacific Oak Capital Advisors
Pacific Oak Capital Advisors is an alternative investment company that sponsors and manages quality real estate-based investment opportunities for financial advisors, registered investment advisors, and institutional investors. Formed in 2018, the company is advisor to Pacific Oak Strategic Opportunity REIT and Keppel-Pacific Oak REIT, and sponsor to numerous private real estate investment programs. In total, Pacific Oak Capital Advisors and its affiliated companies currently manage a portfolio of real estate valued in excess of $2 billion. For additional information, please visit www.pacificoakcapitaladvisors.com.