Buyer doubles down on Austin with 7700 Parmer buy | Buyer doubles down on Austin with 7700 Parmer buy | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=11335 | 2015-12-04T06:00:00Z | 2015-12-03T15:00:00Z | AUSTIN - Accesso Partners LLC has acquired 7700 Parmer Lane, a 94 percent-leased, 913,000-sf high technology office campus in northwest Austin. The building is leased to Google, Oracle, eBay/Pay Pal, Electronic Arts, Polycom and Dun & Bradstreet. Currently, there are two vacancies at the 129-acre, Class A four-building office complex: 31,436 sf in building B, adjacent to Oracle and 23,693 sf in Building C adjacent next to Electronic Arts. Additionally, there is an opportunity to develop a fifth office building within the current campus footprint. "7700 Parmer is the epitome of Austin today, a high-tech collaborative office environment that provides exactly what tenants want — a city within a city with a rich amenity base," says Michael McDonald, managing director in the Atlanta office of Eastdil Secured, who represented the seller. 7700 Parmer's amenities range from a state-of-the-art auditorium to a full-service cafeteria with multiple culinary options, a baseball field, basketball courts, a soccer field, a volleyball court and a day-care service. This is the second Austin acquisition in the last five months by Accesso after their June purchase of Riata Corporate Park, an eight-building 688,432-sf Class A campus. "We are doubling down on Austin because we feel it has all the traits of a real estate market with the proven potential for long term sustainable growth," said Ariel Bentata managing partner, investments for Accesso Partners. | GlobeSt.com
| Austin-Round Rock
| Office
| http://www.globest.com/news/12_1249/austin/office/7700-Parmer-Lane-Trades-in-NW-Austin-363893-1.html | | | For free data on the Austin office market, visit Austin Office Market Research. | Read more at {Source} |