Austin's 70,000-SF Southwest Medical Village sellsAustin's 70,000-SF Southwest Medical Village sellshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=15522015-03-06T07:07:00Z2015-03-06T00:00:00Z

AUSTIN - Southwest Medical Village, a recently constructed Class A medical outpatient facility in the southwest submarket, has been sold.

Completed in January 2014, the fully leased asset has approximately 70,000 sf of medical office space and offers above-code parking.

The property at 5625 Eiger Rd. is anchored by Premier Family Physicians, an independent, physician-owned family medicine practice, and also includes 18 other specialty practices.

“Southwest Medical Village is the premier outpatient facility in Travis County,” said Eric Mackey, CBRE senior vice president. “It was designed around the innovative ‘medical village’ concept — a medical office building with a large central family medicine practice, surrounded by selected specialists that agree to offer one-of-a-kind patient access for quality patient care.”

The property is located within Lantana, a 500-acre mixed-used development that is home to corporate campuses for Advanced Micro Devices and Freescale Semiconductor, as well as two Class A apartment communities, 139 condominium units and 330 single-family homes.

As of fourth quarter 2014, the southwest Austin submarket had a vacancy rate of 8.4 percent.

Austin-Round Rock
http://www.globest.com/news/12_1059/austin/medical_office/Southwest-Medical-Village-Is-Sold-355870-1.htmlRead more at {Source}

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