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Buyer doubles down on Austin with 7700 Parmer buyBuyer doubles down on Austin with 7700 Parmer buyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=113352015-12-04T06:00:00Z

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 GoogleOracleeBay/Pay PalElectronic 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 fre​e data on the Austin office market, visit Austin Office Market Research.

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