$42.5M paid for Overwatch Campus in Austin

AUSTIN – The 170,357-sf Overwatch Systems LTD (OS) building 5301 Southwest Pkwy. has been sold for $42.5 million, or about $250 per sf. The Class A building was constructed in 2007 and serves as the corporate headquarters for OS, an operating unit of Textron

San Francisco-based Drawbridge Realty Trust purchased the building  from CBRE Global Investors.

The property is 100 percent leased to OS and includes 48.1 acres, which could support another 120,000 sf of office space and a parking structure. Overwatch is an operating unit of Textron Inc.

Read more at CoStar Group and the Austin Business Journal.