DivcoWest secures 185,000-SF office purchase in NW Austin

AUSTIN – DivcoWest has purchased 185,000 sf of Austin office space, acquiring the Lakewood Center and The Park from Dallas-based Lone Star Funds.

The three-building portfolio consists of Lakewood Center I and II at 6801 Capital of Texas Hwy. and The Park at 8300 N. MoPac Expy.

Located in Northwest Austin, the two-story Lakewood Center buildings measure approximately 47,000 sf each, while the three-story The Park building totals 93,000 sf.

This is the second major Northwest Austin acquisition this year by San Francisco-based DivcoWest, which closed on the 317,000-sf The Campus @ Arboretum in January.