Ogle buys two Austin offices; leases rush in overnight

AUSTIN – Ogle Properties has purchased a 56,100-sf office building at 8920 Business Park Dr. and Hyridge Plaza, a 30,300-sf office building at 8716 N. Mopac Expy.

Within days of closing the deal, Kucera Cos. helped Ogle improve the occupancy with a lease with Tech Ranch for 11,000 sf at the 8920 Business Park Dr. building.

The seller of 8920 Business Park Dr. was RGK Rentals Ltd. and the seller of Hyridge Plaza was KMS Ventures.

At closing on December 5, occupancy for the Business Park Dr. building was 46 percent and for Hyridge Plaza was 54 percent.

Now with the Tech Ranch deal, occupancy at Business Park Dr. is 67 percent.

Kucera also negotiated a lease with Western Land Services at Hyridge for 2,615 sf. Occupancy there currently is up to 65 percent.

The Business Park Dr. property is valued at $5,781,472 and Hyridge Plaza at $2,041,669, according to the Travis County Appraisal District.