Nearly 300 Austin acres sold for mixed-use

AUSTIN – Karlin Real Estate has acquired 297 acres — one of the largest parcels of developable land in northeast Austin — for a master-planned technology and office park.

The land bordered by McCallen Pass on the west, E. Howard Lane on the north, Harris Ridge Boulevard on the east and Tech Ridge Boulevard on the south, is zoned for up to 9 million sf of office, industrial, hotel and retail uses.

The land is located near I-35 in Austin’s technology and business corridor. The area is already home to firms such as Applied Materials, National Computer Systems, Dell, Samsung, Apple and Hewlett Packard.

The property neighbors three large commercial and industrial/warehouse buildings totaling about 900,000 sf, which were acquired in separate transactions by Karlin earlier this year.

Two of the buildings were 100 percent leased at closing. The third, a vacant 320,000-sf office building, was subsequently leased by Karlin to General Motors in a long-term lease transaction.