OFFICE For Lease FEBRUARY 2015 SQUARE FEET AUSTIN PROPERTIES & LAND FOR SALE OR LEASE INDUSTRIAL For Lease For SALE BUILD To Suit Austin SUBMARKETS Our TEAM OFFICE FOR LEASE << HOME AVAILABLE SF RATE OPEX TIs COMMENTS CONTACT CBD Perry Brooks Tower OFFICE SPACE: 720 Brazos Street Ste. 101 600 sf $28.00 $13.46 Negotiable Austin, Texas 78701 Ste. 118 642 sf NNN Est. for 2015  2.75/1000 garage parking  Direct garage access floors 1-5  Capital & Downtown views  One block to 6th & Congress  Remodeled common areas  Heavy foot traffic along Brazos & 8th Street  Adjacent to Omni Hotel Luke Wheeler 512.314.3553 luke.wheeler@transwestern.com E Eastside Village Ste. 100 20,734 sf $26.00 $11.50 Negotiable East 6th at Comal Street Ste. 200 24,103 sf NNN Est. Austin, Texas 78702 Delivering 1/2016  4 Story Class A office building  Structured parking at 3.9/1000  On-site fitness center  Adjacent to Plaza Saltillo Metro Rail  Rooftop Terrace Available For Events  Unique transit-oriented walkable mixed use project inclu. retail, apartments & office  CBD-Adjacent: 8 blocks east of IH-35 Mike Brown 512.314.3552 mike.brown@transwestern.com N Offices at the Domain I 100% Leased $25.50 $13.59 Negotiable 11401 Century Oaks Terrace NNN Est. for Austin, Texas 78759 2014 2,857 sf $20.00 to $9.78 Negotiable  Five-story building 2,258 sf $22.00 Est. for  Conveniently located at Hwy 183 & IH-35 3,758 sf* Gross 2014  Surface Parking 4/1000 1,434 sf  On-Site Management 5,667 sf**  Major hotels, retail & restaurants nearby 3,794 sf**  On-Site Deli 4,646 sf *Spec Suite **Contiguous up to 9,461 sf 901 South MoPac Expressway, Suite 4-250, Austin, Texas 78746 Phone: (512) 328.5600 transwestern.com/austin Brandon Lester 512.314.3576 brandon.lester@transwestern.com  3 floors of Class A office space above retail Greg Johnson  Located within The Domain at MoPac/Braker 512.314.3570  Structured parking 4/1000 greg.johnson@transwestern.com  Unmatched local amenities  In the heart of Austin’s premier high-end shopping district N Chase Park I Ste. 130 5,975 sf $20.00 to $9.78 Negotiable  Five-story building 7700 Chevy Chase Drive Ste. 300 4,842 sf $22.00 Est. for  Conveniently located at Hwy 183 & IH-35 Austin, Texas 78752 Ste. 450 1,336 sf Gross 2014  Surface Parking 4/1000  On-Site Management  Major hotels, retail & restaurants nearby  On-Site Deli N Chase Park II Ste. 104 7500 Chevy Chase Drive Ste. 115 Austin, Texas 78752 Ste. 116 Ste. 118 Ste. 300 Ste. 370 Ste. 450 Brandon Lester 512.314.3576 brandon.lester@transwestern.com Brandon Lester 512.314.3576 brandon.lester@transwestern.com Will Stewart 512.314.3574 will.stewart@transwestern.com Brandon Lester 512.314.3576 brandon.lester@transwestern.com Will Stewart 512.314.3574 will.stewart@transwestern.com << 2 >> OFFICE FOR LEASE << HOME AVAILABLE SF RATE OPEX TIs COMMENTS N Chase Park III Ste. 100 4,582 sf $20.00 to $9.78 Negotiable  Three-story building 313 East Anderson Lane Ste. 105 986 sf $22.00 Est. for  Conveniently located at Hwy 183 & IH-35 Austin, Texas 78752 Ste. 120 7,410 sf Gross 2014  Surface Parking 4/1000 Ste. 300 17,867 sf  On-Site Management  Major hotels, retail & restaurants nearby  On-Site Deli N Chase Park IV Ste. 120 8,600 sf* $20.00 to $9.78 Negotiable  Two-story building 7715 Chevy Chase Drive $22.00 Est. for  Conveniently located at Hwy 183 & IH-35 Austin, Texas 78752 Gross 2014  Surface Parking 5/1000 *Available 7/2015  On-Site Management  Major hotels, retail & restaurants nearby  On-Site Deli N Chase Park V 100% Leased $20.00 to $9.78 Negotiable  Three-story building 7745 Chevy Chase Drive $22.00 Est. for  Conveniently located at Hwy 183 & IH-35 Austin, Texas 78752 Gross 2014  Surface Parking 5/1000  On-Site Management  Major hotels, retail & restaurants nearby  On-Site Deli Northview Business Ctr NE Ste. 100 19,889 sf $19.50 $6.75 Negotiable  6/1000 surface parking 9001 North IH-35 Ste. 101 19,750 sf Full Est. for  Backup generator available Austin, Texas 78753 Ste. 106 7,945 sf Service 2015  Existing call center setup  Excellent access & visibility from IH-35 NW Braker Pointe III 7 full floors Call Call Negotiable 10801 N. MoPac Expwy Up to 195,230 SF Broker Broker Austin, Texas 78759 Available June 2016 28,000 SF Floorplates 901 South MoPac Expressway, Suite 4-250, Austin, Texas 78746 Phone: (512) 328.5600 transwestern.com/austin  7-story Class A office building  Adjacent to the Domain  Covered parking available under building  Facade & Monument Signage Available  Excellent access/visibility from N. MoPac  Above-standard 9.5’ Ceilings  4/1000 surface & covered parking CONTACT Brandon Lester 512.314.3576 brandon.lester@transwestern.com Will Stewart 512.314.3574 will.stewart@transwestern.com Brandon Lester 512.314.3576 brandon.lester@transwestern.com Will Stewart 512.314.3574 will.stewart@transwestern.com Brandon Lester 512.314.3576 brandon.lester@transwestern.com Will Stewart 512.314.3574 will.stewart@transwestern.com Luke Wheeler 512.314.3553 luke.wheeler@transwestern.com Will Stewart 512.314.3574 will.stewart@transwestern.com Mike Brown 512.314.3552 mike.brown@transwestern.com Brandon Lester 512.314.3576 brandon.lester@transwestern.com << 3 >> OFFICE FOR LEASE << HOME AVAILABLE SF RATE OPEX TIs NW Research Park Five Ste. 300 39,237 sf* $18.50 $11.29 Negotiable 12515-5 Research Blvd. NNN Est. for Austin, Texas 78759 *Divisible 2015 COMMENTS  3-story building with 5/1000 parking  Less than 2 miles from the Arboretum  Easy Access to 4 major highways  Outdoor grilling and patio area  Landscaped entrance w/mature trees  Surrounded by retail and restaurants Canyon Hills Office Ctr NW Ste. 206 4,095 sf* $24.00 $9.45 Negotiable  Class A 2-story building 11211 Taylor Draper Lane Gross Est. for  Structured parking 3/1000 Austin, Texas 78759 2014  Gated access  Excellent access and visibility from *Available 6/2015 Jollyville Road and Research Blvd. CONTACT Mike Brown 512.314.3552 mike.brown@transwestern.com Will Stewart 512.314.3574 will.stewart@transwestern.com Brandon Lester 512.314.3576 brandon.lester@transwestern.com Will Stewart 512.314.3574 will.stewart@transwestern.com NW Austin Surgical Plaza Ste. 205 4,858 sf* $24.00 $15.27 Negotiable  2 story Class A medical office building Will Stewart 6818 Austin Center Boulevard NNN Est. for  Covered pick-up and drop-off area for 512.314.3574 Austin, Texas 78731 2015 visitors, patients and customers will.stewart@transwestern.com  5/1000 surface parking *Available 3/2015 The Millennium Building NW Suite 400 10,281 sf* Call $11.84 Negotiable 6504 Bridgepoint Parkway Broker Est. for Austin, Texas 78730 2015 *Available 5/2015  5-story Class A building  Spectacular views of the Pennybacker Bridge (Loop 360) and the Austin CBD  Rooftop deck available  3.5/1000 structured parking  Located in Shepherd Mountain with easy access to Loop 360 Hale Umstattd 512.314.3551 hale.umstattd@transwestern.com NW Riata Gateway 100% Leased Call Call Negotiable 12007 Research Blvd Broker Broker Austin, Texas 78759  3-story Class A building  Great visibility, direct access to Hwy 183  Parking ratio of 3.4/1000  Full service, state-of-the-art conference center  On-site day care and on-site cafe  Owner occupied Luke Wheeler 512.314.3553 luke.wheeler@transwestern.com 901 South MoPac Expressway, Suite 4-250, Austin, Texas 78746 Phone: (512) 328.5600 transwestern.com/austin Will Stewart 512.314.3574 will.stewart@transwestern.com << 4 >> OFFICE FOR LEASE << HOME Exhibit B: Building B & C Exterior Renovations (Building A - Lot 2A) same paint color and landscape AVAILABLE SF RATE OPEX TIs COMMENTS NW Burnet Gateway I & II BUILDING I Call CallNegotiable  Creative office with Class A finishes 2111/2115 Kramer Lane 100% Leased Broker Broker  Monument signage available Austin, Texas 78758  Parking ratio of 5/1000 BUILDING II  Walking distance to Kramer MetroRail Station 100% Leased  Close proximity to The Domain  12’ to 16’ open ceilings  Lots of natural light  Building showers NW Great Hills Plaza Ste. 120 1,260 sf $20.00 $11.23 Negotiable 9600 Great Hills Trail Ste. 200W 16,006 sf* NNN Est. for Austin, Texas 78759 2015 2111 Kramer Lane - Exterior Renovations *Divisible 01.17.13 www.austinofficesnw.com  3-story Class A building  Spectacular 3-story glass atrium  Parking ratio of 3.5/1000  Floor to ceiling glass  Abundant natural light  Located adjacent to the Arboretum  Park-like, tree filled campus setting NW Park Centre I-III BUILDINGS I & II $15.00 $11.75Negotiable 2 & 4 Story Class A buildings 8601 Ranch Road 620 Suites from 760 sf to $18.00 Est. for  Structured & surface parking at 4/1000 Austin, Texas 78730to 5,617 sf available NNN 2015  On-site fitness center & deli  On-site conference center BUILDING III  Abundant natural light Suites from 4,036 sf to  Beautiful campus with foot bridges, a 21,020 sf available www.austinofficesnw.com creek and a waterfall  Lighted intersection CONTACT Will Stewart 512.314.3574 will.stewart@transwestern.com Brandon Lester 512.314.3576 brandon.lester@transwestern.com Mike Brown 512.314.3552 mike.brown@transwestern.com Brandon Lester 512.314.3576 brandon.lester@transwestern.com Mike Brown 512.314.3552 mike.brown@transwestern.com Brandon Lester 512.314.3576 brandon.lester@transwestern.com NW Westech 360 1-4 Various suite sizes from $20.00 $11.93 Negotiable 8911 N. Capital of Texas Hwy 1,335 sf to 8,055 sf NNN Est. for Austin, Texas 78759 2015 www.austinofficesnw.com  3-story Class A buildings  Structured & surface parking at 3.5/1000  On-site fitness & conference centers  Floor to ceiling glass  Abundant natural light  Lighted intersection at Loop 360  Park-like, tree filled campus setting CP Cedar Park Medical Ste. 1A 4,427 sf $23.50 $10.00 Negotiable 1401 Medical Parkway Ste. 1B 6,498 sf NNN Est. for Cedar Park, Texas 78613 Ste. 2A 19,919 sf 2015 Ste. 3A 20,944 sf Ste. 4A 20,944 sf  Direct access to Cedar Park Reg. Medical Will Stewart Center hospital via enclosed corridor 512.314.3574 will.stewart@transwestern.com  Parking ratio of 5/1000  Covered drive-up entrance for patient drop off Brandon Lester  State of the art energy efficient systems 512.314.3576 brandon.lester@transwestern.com  High speed elevators  Located on the Cedar Park Hospital Campus Blair Huddleston  Adjacent to dozens of restaurants & shopping 512.314.5205 blair.huddleston@transwestern.com 901 South MoPac Expressway, Suite 4-250, Austin, Texas 78746 Phone: (512) 328.5600 transwestern.com/austin Mike Brown 512.314.3552 mike.brown@transwestern.com Brandon Lester 512.314.3576 brandon.lester@transwestern.com << 5 >> OFFICE FOR LEASE << HOME AVAILABLE SF RATE OPEX TIs COMMENTS SW Travis Oaks Ste. 260 4,895 sf* $21.00 $12.09 Negotiable  3-story Class A building 5113 Southwest Parkway Ste. 150 3,373 sf** NNN Est. for  Structured and surface parking Austin, Texas 78735 2015  Parking ratio of 3.8/1000  Park-like, tree filled campus setting  Easy access from Southwest Parkway *Second floor lobby space **First floor lobby space SW CityView Center 100% Leased Call Call Negotiable  4/1000 structured & surface parking 1122 South Capital of Texas Hwy Broker Broker  Lighted intersection at Lost Creek Blvd. Austin, Texas 78746  CBD and Hill Country views  Great visibility from Loop 360  Building signage available www.cityviewaustin.com CONTACT Greg Johnson 512.314.3570 greg.johnson@transwestern.com Brandon Lester 512.314.3576 brandon.lester@transwestern.com Luke Wheeler 512.314.3553 luke.wheeler@transwestern.com Will Stewart 512.314.3574 will.stewart@transwestern.com SW CityView 1-3 BUILDINGS I-II [Formerly The Setting I, II, III] 100% leased $20.50 $11.29 Negotiable 1120 South Capital of Texas Hwy NNN Est. for Austin, Texas 78746 BUILDING III 2015 Ste. 1.250 2,815 sf Ste. 3.220 6,629 sf www.cityviewaustin.com  4/1000 parking  Lighted intersection at Lost Creek Blvd.  CBD and Hill Country views  Floor to ceiling glass  Great visibility from Loop 360  High ceilings  On-site gym & showers Luke Wheeler 512.314.3553 luke.wheeler@transwestern.com SW Plaza on the Lake I & II BUILDING I 5001 & 4801 Plaza on the Ste. 205 20,379 sf* $24.50 $13.84 Negotiable Lake Boulevard Ste. 105 5,016 sf to $25.50 Est. for Austin, Texas 78746 *Divisble NNN 2015 BUILDING II 100% Leased  3-story Class A buildings  Parking ratio of 4/1000  Hiking trail to Lake Austin  Great visibility from Loop 360  One of a kind location with views of Lake Austin and the 360 Bridge  On-site gym and Chick-Fil-A deli Greg Johnson 512.314.3570 greg.johnson@transwestern.com SW 811 Barton Ste. 730 3,634 sf* $25.50 $13.76 Negotiable  9-story Class A building at edge of CBD 811 Barton Springs Road NNN Est. for  1/333 structured parking Austin, Texas 78704 2015  Reserved parking available  Adjacent to Auditorium Shores hike & *Lobby space w/city view bike trail, Parmer Events Center  Walking distance from restaurants, amenities 901 South MoPac Expressway, Suite 4-250, Austin, Texas 78746 Phone: (512) 328.5600 transwestern.com/austin Will Stewart 512.314.3574 will.stewart@transwestern.com Brandon Lester 512.314.3576 brandon.lester@transwestern.com Brandon Lester 512.314.3576 brandon.lester@transwestern.com Greg Johnson 512.314.3570 greg.johnson@transwestern.com << 6 >> OFFICE FOR LEASE << HOME AVAILABLE SF RATE OPEX TIs COMMENTS CONTACT SW Triton Center 100% Leased Call Call Negotiable  3/1000 parking Brandon Lester 12117 Bee Cave Road Broker Broker  Some structured parking available 512.314.3576 Austin, Texas 78738  Signage available brandon.lester@transwestern.com  Near the intersection of Hwy 71 and Bee Cave Road Chase Bank Barton Crk SW 100% Leased Call Call Negotiable  4.5/1000 parking 2224 Walsh Tarlton Road Broker Broker  Easy access from Loop 360 and South Austin, Texas 78746 Capital of Texas Highway  Hill Country views  Adjacent to Barton Creek Mall SW Spyglass Point Ste. 270 4,419 sf $20.00 $11.99 Negotiable 1801 South MoPac Expressway Ste. 320 5,007 sf NNN Est. for Austin, Texas 78746 2014  3-story Class A building Britt Reed  Rare top floor availability 512.314.3577  Parking ratio of 4.33/1000 britt.reed@transwestern.com  Mostly hardwall, law firm finishes  Direct access via Spyglass Drive and South MoPac Expressway  Facade & monument signage available  Downtown views WC The Jefferson Ste. 132 2,877 sf $20.00 $12.29 Negotiable  4-story medical/traditional office building 1600 West 38th Street Ste. 206 908 sf to $22.00 Est. for  2 miles west of Seton Hospital Austin, Texas 78705 Ste. 325 718 sf NNN 2015  4/1000 surface & structured parking Ste. 400 2,541 sf  Close proximity to numerous amenities Ste. 406 2,353 sf including shopping, restaurants, Ste. 408 1,867 sf banking, healthcare and dental offices WC Austin Medical Plaza Ste. 220 2,010 sf $22.00 $13.49 Negotiable 3705 Medical Parkway Ste. 430 2,770 sf to $24.00 Est. for Austin, Texas 78705 Ste. 460 6,692 sf NNN 2015 Ste. 510 2,755 sf 901 South MoPac Expressway, Suite 4-250, Austin, Texas 78746 Phone: (512) 328.5600 transwestern.com/austin Brandon Lester 512.314.3576 brandon.lester@transwestern.com  5-story medical office building  Structured Parking: $35/space/month  Next door to Seton Hospital  Close to restaurants, retail and banking  4.2/1000 parking ratio Brandon Lester 512.314.3576 brandon.lester@transwestern.com Will Stewart 512.314.3574 will.stewart@transwestern.com Will Stewart 512.314.3574 will.stewart@transwestern.com Brandon Lester 512.314.3576 brandon.lester@transwestern.com << 7 >> OFFICE FOR LEASE << HOME AVAILABLE SF RATE OPEX TIs COMMENTS CONTACT WC Bailey Square 100% Leased Call $15.96 Negotiable  4-story medical office building Will Stewart 1111 West 34th Street Broker Est. for  1/263 parking ratio 512.314.3574 Austin, Texas 78705 2015  Close to Seton Hospital will.stewart@transwestern.com  Near MoPac / Downtown WC 800 West 34th Street Ste. 105 1,573 sf $5.00 $8.59 As-Is  2-story medical office building Will Stewart 800 West 34th Street NNN Est. for  Close to Seton Hospital 512.314.3574 Austin, Texas 78705 2015  103 surface parking spaces will.stewart@transwestern.com  Parking ratio of 1/240  Flexible lease terms through 6/30/17 Graying America, Health-Care Overhaul Boosts Medical Properties Medical-Focused Real Estate Held Up Well During Recession Wall Street Journal 1/27/2015 Investors are pouring money into buying and developing senior housing, medical-office buildings and other health-care-related properties, a class of commercial real estate that has been outperforming almost all others since the recession The country’s aging population and recovering economy, as well as major changes taking place in the economics of health care, are fueling demand for more space. Investors are gravitating to health-care real estate in part because it held up well during the downturn. Since 2007, health-care real-estate investment trusts have outperformed all other property types except for manufactured homes and self-storage facilities, according to the National Association of Real Estate Investment Trusts. Investors also are betting the Affordable Care Act will translate into millions more visits to doctors by patients who are getting insurance for the first time. Last year, health-care-focused REIT shares produced total returns of 35.5%, including dividends, Nareit said. The strong performance and new money flowing into the sector are signs that many investors want to stick with properties that are more recession-resistant. The memory of the pain suffered by owners of office buildings, stores, hotels and many other types of property still runs deep. Health-care property “has a stability factor that’s very attractive,” says John Sweet, chief investment officer of Physicians Realty Trust, a real-estate investment trust that went public in 2013 at $11.50 a share. It traded recently at about $17.25. Sales and construction activity have been surging. In all, about $5 billion in medical-office buildings were sold last year continued on page 10 >> TRANSWESTERN provides monthly MARKET WATCH snapshots for Austin’s Economy, Office, Industrial, Apartment and Retail markets. To download this month’s version of these reports, click the images to the left. <-TRANSWESTERN also provides a quarterly Austin Outlook Report for the office market. To download the latest report, click the image to the right. --> 901 South MoPac Expressway, Suite 4-250, Austin, Texas 78746 Phone: (512) 328.5600 transwestern.com/austin << 8 >> INDUSTRIAL FOR LEASE << HOME AVAILABLE SF RATE OPEX TIs COMMENTS CONTACT N Summit Park A Up to 33,178 sf* $0.70 $0.30 Negotiable 14050 Summit Drive available NNN Est. for Austin, Texas 78728 2014 *Divisible to 10,000 sf Also available for sale  3.5/1000 parking Luke Wheeler  Grade level loading 512.314.3553  Sprinklered luke.wheeler@transwestern.com  18’ Clear height  100% HVAC  Located off of Wells Branch Parkway and North MoPac Expressway NE Cameron Creek Ste. 600 7,500 sf $0.65 NNN $0.21 Negotiable Business Park Est. for 9210 Cameron Road 2014 Austin, Texas 78754  4/1000 parking  Dock high & grade level loading  Sprinklered  20’ Clear height  100% HVAC  Located off Cameron Road near IH-35 NE Cross Park Industrial Up to 33,120 sf* $0.75 $0.30 Negotiable 8701 Cross Park Drive available NNN Est. for Austin, Texas 78754 2014 *Divisible Also available for sale  16’ Clear height Luke Wheeler  3 semi-docks & 4 grade level 512.314.3553  100% Sprinklered luke.wheeler@transwestern.com  3.7/1000 parking  3-phase power, 120/208v & 480v, 400 to 1200 amp  Column spacing of 27’ x 30’  Zoned IP - Industrial Park SE MetCenter 1 & 2 BUILDING 1 7901 Riverside Drive Ste 100 56,875 sf $11.50 NNN $3.50 Negotiable Austin, Texas 78744 (Entire building) BUILDING 2 Ste. 100 20,546 sf* $11.50 NNN $3.50 Negotiable *Divisible  18’ Clear height  Dock high loading  Parking 5/1000  100% HVAC  Capital Metro Bus Stop On Site  Excellent access to IH35, Hwy 71, SH130 Luke Wheeler 512.314.3553 luke.wheeler@transwestern.com SE Southpark Commerce BUILDINGS 1-4 Center 2 - Buildings 1-4 100% Leased Call Call Negotiable 4509 Freidrich Lane Broker Broker Austin, Texas 78744  Parking 2/1000  Bay depths of 140’ to 185’  24’ Clear height  Column spacing of 45’ x 45’  Dock high loading  ESFR Sprinklers  Located just off St. Elmo and IH-35 Luke Wheeler 512.314.3553 luke.wheeler@transwestern.com 901 South MoPac Expressway, Suite 4-250, Austin, Texas 78746 Phone: (512) 328.5600 transwestern.com/austin Luke Wheeler 512.314.3553 luke.wheeler@transwestern.com Greg Johnson 512.314.3570 greg.johnson@transwestern.com Greg Johnson 512.314.3570 greg.johnson@transwestern.com << 9 >> INDUSTRIAL FOR LEASE << HOME AVAILABLE SF RATE OPEX TIs SE Southeast Commercial Ste. 400 5,312 sf $0.85 NNN $0.30 Negotiable 4120 Commercial Center Drive Austin, Texas 78744 COMMENTS  Brick veneer facade  16’ Clear height  Sprinklered  Heavy power  100% HVAC  Semi-dock doors  Fenced yard SE Commerce Center BUILDING 1  24’ Clear height South, Buildings 1 & 2 100% Leased  Dock high & grade level loading 5810 Comsouth Drive  2.5/1000 parking Austin, Texas 78744  Signage on Hwy 71 BUILDING 2 10,300 sf (Office/WHS) $0.60 NNN $0.25 Negotiable SE Commerce Center 19,200 sf $0.65 NNN $0.25 Negotiable  24’ Clear height South, Building 4  Dock high loading 3500 Comsouth Drive  Parking 2.5/1000 Austin, Texas 78744  Sprinklered  Phase power, 600 volts Medical Office (continued) CONTACT Luke Wheeler 512.314.3553 luke.wheeler@transwestern.com Luke Wheeler 512.314.3553 luke.wheeler@transwestern.com Greg Johnson 512.314.3570 greg.johnson@transwestern.com Luke Wheeler 512.314.3553 luke.wheeler@transwestern.com Greg Johnson 512.314.3570 greg.johnson@transwestern.com << continued from page 8 in the U.S., a record, up from $4.3 billion in 2013, according to John Smelter of the real-estate firm Marcus & Millichap. About 8 million square feet of new medical-office buildings were delivered, up from 7 million in 2013, but far short of the more than 26.5 million square feet delivered in 2008, Mr. Smelter said. Medical-related housing—ranging from apartment complexes that exclude younger people to nursing facilities with 24-hour-a-day care—also is experiencing a boom. Sales transactions involving senior housing and nursing facilities rose to $17.4 billion in 2014 from $14.8 billion in 2013, according to the National Investment Center for Seniors Housing & Care, a Maryland nonprofit organization that tracks investment in the senior-housing real-estate sector. Construction of assisted-living facilities, which provide more care than regular apartments but less care than nursing homes, is running at more than twice the amount of 2008 to 2011. There were 11,268 units under construction at the end of 2014, compared with the long-term average of 5,450 units under construction each quarter between the end of 2008 and the end of 2011. Investors, meanwhile, have been flocking to health-care REITs—both those traded on stock exchanges and those that aren’t. Last year, nontraded REITs focused on health-care property raised a record $5.22 billion, up from $4.11 billion in 2013, according to Robert A. Stanger & Co. While investment in all nontraded REITs has been increasing, the flow of funds has been especially strong lately for health-care properties. The asset class represented 6% of capital raised in 2008, but 21% of the amount raised in 2013 and 33% in 2014, according to Stanger. Pension funds and other institutional investors also are buying more—either directly or continued on page 12 >> 901 South MoPac Expressway, Suite 4-250, Austin, Texas 78746 Phone: (512) 328.5600 transwestern.com/austin << 10 >> PROPERTY FOR SALE << HOME AVAILABLE SF PRICE LOCATION ZONING RR 1700 Royston 36,576 square foot $82 psf Royston Lane LI - Light 1700 Royston Lane industrial building with ($3M) near Grand Industrial Round Rock, Texas 78664 2 certified clean rooms: Avenue (1) Certified 10,000 and Parkway (2) Certified 100,000. COMMENTS  100% HVAC, 108 parking spaces  14,109 sf of office and 4,225 sf of certified clean room space  480V 3-phase 800 amp power  Grade level and Dock High Loading  Equipment available including 2 autoclaves, 1 Greenberg oven and a 70-ton Trane unit CONTACT Luke Wheeler 512.314.3553 luke.wheeler@transwestern.com AmberOaks Office Site NW Approximately Call Parmer Lane Zoned GR  All utilities available Hale Umstattd Amberglen at Parmer Lane 6.8 acres Broker at SH-45  Heavy power and fiber available 512.314.3551 Austin, Texas 78729  Part of the AmberOaks mixed use campus hale.umstattd@transwestern.com Approximately Call Parmer Lane Zoned CS 12.8 acres Broker at SH-45 NW AmberOaks Pad Sites Pad 1: 1.64 acres Call Parmer Lane Zoned GR-  All utilities available Amberglen at Parmer Lane at SH-45 General  Conveniently located off of Parmer Lane Austin, Texas 78729 Pad 2: 1.12 acres SOLD Retail at SH-45 in the AmberOaks mixed use campus that includes Lifetime Fitness Pad 3: 1.36 acres Call  Great visibility from Parmer Lane Hale Umstattd 512.314.3551 hale.umstattd@transwestern.com NE Cross Park Industrial 33,120 sf $75 8701 Zoned IP -  16’ Clear height Luke Wheeler 8701 Cross Park Drive 2.4 acres PSF Cross Park Industrial  3 semi-docks & 4 grade level 512.314.3553 Austin, Texas 78754 DrivePark  100% Sprinklered luke.wheeler@transwestern.com  3.7/1000 parking  3-phase power, 120/208v & 480v, 400 to 1200 amp  Column spacing of 27’ x 30’ N Summit Park A 53,100 sf Call 14050 14050 Summit Drive 9.49 acres Broker Summit Austin, Texas 78728 Drive at Wells Branch Parkway 901 South MoPac Expressway, Suite 4-250, Austin, Texas 78746 Phone: (512) 328.5600 transwestern.com/austin  3.5/1000 parking Luke Wheeler  Grade level loading 512.314.3553  Sprinklered luke.wheeler@transwestern.com  18’ Clear height  100% HVAC  Located off of Wells Branch Parkway and North MoPac Expressway << 11 >> PROPERTY FOR SALE << HOME AVAILABLE SF PRICE NW 7234 US Hwy 290 Approximately $899,000 7234 US Highway 290 9 acres Austin, TX 78723 LOCATION ZONING COMMENTS On Hwy 290  Traffic Count: 53,000 per day near the  North side of Hwy 290 near Hwy 183 Hwy 183 &  Perfect for medical, multifamily or Hwy 290 hospitality development Intersection Medical Office (continued) CONTACT Ron Losefsky 512.314.5215 ron.losefsky@transwestern.com << continued from page 10 through investment companies such as Harrison Street Capital LLC of Chicago and Boston-based AEW Capital Management. AEW last year closed its second fund devoted to health-care property, which raised $370 million. Senior-living apartment complexes were the best-performing property types last year owned by pension funds and other institutional investors, according to the National Council of Real Estate Investment Fiduciaries. The value of the complexes increased 18.7% in 2014, compared with 13.1% for retail,11.5% for office and 10.3% for apartments, according to council statistics released earlier this week. Veteran investors in the sector caution that health-care-related real estate can be riskier than more conventional commercial property like office buildings and stores. Some property types, such as nursing homes that accept Medicaid and Medicare patients, are vulnerable to changes in federal reimbursement rates. Owners of senior housing also can run into trouble if their tenants, the operators of these facilities, don’t deliver high-quality care. “It’s second nature to people who have been doing this for an extended period of time,” says Chris Kazantis, an AEW portfolio manager. “But you can learn some painful lessons trying to figure that out.” Still, the sector proved resilient during the downturn. While shopping centers and office parks saw vacancies spike and rents decline, demand for doctors’ offices and senior living facilities stayed relatively steady or fell only slightly. Regular office vacancy rose as high as 13.7% nationwide during the downturn. By comparison the highest vacancy reached by medical office buildings was 10.5%, according to Marcus & Millichap. Now, demand is improving as the economy rebounds and changes take place in the health-care sector. For example, rising housing prices in many parts of the country are enabling more seniors to sell their homes and move. Occupancy of housing complexes limited to healthy seniors hit 91.3% in the fourth quarter of 2014, the highest level since the fourth quarter of 2007. Developers, meanwhile, are cranking up production of new health-care properties that respond to the changing needs of doctors and hospitals. For example, as hospitals try to become more profitable, many are acquiring physicians’ practices and developing new office buildings designed to make the delivery of services more efficient. One of these new facilities opened in 2013 in Tacoma, Wash., developed by Minneapolis-based developer Frauenshuh HealthCare Real Estate Solutions for St. Joseph Medical Center. The 130,000 square-foot medical-office building has very little space devoted to waiting rooms or doctor’s offices, says Eric Carmichael, a Frauenshuh principal. Rather, doctors have modular work spaces and patients are assigned to examination rooms as soon as they enter the facility. “It’s making the building work harder,” Mr. Carmichael says. “Any space that sits idle is excess overhead.” Read more at wsj.com 901 South MoPac Expressway, Suite 4-250, Austin, Texas 78746 Phone: (512) 328.5600 transwestern.com/austin << 12 >> BUILD TO SUIT << HOME AVAILABLE SF RATE OPEX TIs COMMENTS NW AmberOaks Phase IV Approximately Call TBDNegotiable  Fully entitled & permitted Buildings J, K & L 20 Acres Broker  5/1000 parking or more Amberglen at Briarwick Drive  Heavy power and fiber in place Austin, Texas 78729 Up to 270,000 sf of  Flexible site, customizable to your needs office space planned  Part of AmberOaks mixed use campus in 3 buildings  Easy access off Parmer Lane @ SH-45 AmberOaks Office Sites NW Site 1: Approx 13 acres Call TBD Negotiable  2 separate buildable sites Site 1: Briarwick @ Amberglen Up to 150,000 sf of Broker  5/1000 parking or more Site 2: SH-45 @ Briarwick Dr. office space planned  Heavy power and fiber in place Austin, Texas 78729  Flexible sites, customizable to your needs Site 2: Approx 6.8 acres  Part of AmberOaks mixed use campus Up to 100,000 sf of  Easy access off Parmer Lane @ SH-45 office space planned CONTACT Hale Umstattd 512.314.3551 hale.umstattd@transwestern.com Ty Puckett 512.314.3572 ty.puckett@transwestern.com Josh Delk 512.314.3557 josh.delk@transwestern.com Hale Umstattd 512.314.3551 hale.umstattd@transwestern.com Ty Puckett 512.314.3572 ty.puckett@transwestern.com Josh Delk 512.314.3557 josh.delk@transwestern.com For information on development opportunities not listed in this Square Feet Report or to discuss Transwestern’s office, industrial and multifamily sales listings, please contact any of our Development and Investment Services team members listed on the last page of this report. Transwestern Contacts >> 901 South MoPac Expressway, Suite 4-250, Austin, Texas 78746 Phone: (512) 328.5600 transwestern.com/austin << 13 >> AUSTIN, TEXAS SUBMARKETS << HOME Central Business District (CBD) Office: 13,251,507 square feet Industrial: 168,308 square feet Integra Realty Resources Central & West Central (C) IRR VIEWPOINT Office: 8,274,678 square feet Industrial: 2,344,998 square feet RR East & Northeast (E/NE) FNW ar m P Far Northwest (FNW) e riv il D Ne Mc De ssa u Rd Office: 5,980,055 square feet Industrial: 23,336,323 square feet Office: 4,247,272 square feet Industrial: 2,442,623 square feet er Lane N North (N) Burn et R d NW Office: 5,183,363 square feet Industrial: 18,997,829 square feet Blv d NE Office: 15,117,478 square feet Industrial: 3,869,198 square feet C 45 th Round Rock (RR) SW Office: 4,643,573 square feet Industrial: 4,528,633 square feet St St E MLK CBD La Office: 3,817,170 square feet Industrial: 14,093,690 square feet . lvd rB ma Southeast (SE) ne Ben La S Br od ie These numbers reflect the “macro-market,” which includes multi-tenant, single tenant, owner-occupied and medical office & industrial space, but not government owned properties. 51st th Office: 7,439,487 square feet Industrial: 4,587,597 square feet Office: 10,491,245 square feet Industrial: 3,829,702 square feet St 35 South (S) Southwest (SW) Lam ar Northwest (NW) IRR Viewpoint 2015 is the CRE industry’s annual compendium of real estate valuation, investment, and leasing trends and forecasts. The report provides data, analysis, and forecasts on local and national market conditions for all key industry sectors throughout the United States, including capital markets, office, multifamily, retail, industrial, lodging, and self storage. The 25th edition also includes a comprehensive IRR Forecast section that provides forward-looking analysis and commentary on all CRE markets and property types.. For more information visit www. irr.com Wil liam Whit e Can non SE Slau Austin-Bergstrom International Airport ghte r Ln Sources: CoStar, Transwestern 901 South MoPac Expressway, Suite 4-250, Austin, Texas 78746 Phone: (512) 328.5600 transwestern.com/austin << 14 >> TRANSWESTERN’S AUSTIN TEAM << HOME Ty Puckett, Executive Vice President Development & Investment Sales 512.314.3572 ty.puckett@transwestern.com Mike Brown, Senior Vice President Agency Leasing & Business Development 512.314.3552 mike.brown@transwestern.com Josh Delk, Associate Vice President Development & Investment Sales 512.314.3557 josh.delk@transwestern.com Hale Umstattd, Executive Managing Director Investment Sales & Corporate Services 512.314.3551 hale.umstattd@transwestern.com Britt Reed, Senior Vice President Tenant Advisory & Agency Leasing 512.314.3577 britt.reed@transwestern.com Will Stewart, Associate Vice President Agency Leasing & Tenant Advisory 512.314.3574 will.stewart@transwestern.com Leah Gallagher, Managing Director Investment Sales 512.314.3571 leah.gallagher@transwestern.com Greg Johnson, Vice President Agency Leasing 512.314.3570 greg.johnson@transwestern.com Tim Ryan, Senior Associate Development & Investment Sales 512.314.3961 tim.ryan@transwestern.com Jeff Rogers, Managing Director Investment Sales - Multifamily 512.314.5207 jeff.rogers@transwestern.com Luke Wheeler, Vice President Agency Leasing & Tenant Advisory 512.314.3553 luke.wheeler@transwestern.com Robert Gaston, Exec. Vice President Central Texas 512.314.3554 robert.gaston@transwestern.com Chris Stutzman, Managing Director Investment Sales - Multifamily 512.314.5203 chris.stutzman@transwestern.com Brandon Lester, Associate Vice President Agency Leasing & Tenant Advisory 512.314.3576 brandon.lester@transwestern.com Karen Judson, Vice President Marketing & Research 512.314.3560 karen.judson@transwestern.com TRANSWESTERN is a privately held, SSAE16 compliant national commercial real estate firm focused on creating value for our clients in each local market we serve. We employ over 2,000+ team members and operate in 34 cities across the US. Through our strategic alliance with BNP Paribas Real Estate, Transwestern has extended its global reach to serve clients in Europe, the Middle East, Africa and India. Transwestern leads the industry in sustainability and has received multiple ENERGY STAR© awards from the Environmental Protection Agency (EPA). With over 87 local employees, the TRANSWESTERN AUSTIN office currently leases and manages a diverse portfolio of approximately 8.5 million square feet of office, industrial and retail space in the Austin/Round Rock area. Please contact us today and let us know how we can be of service to you. Call 512.328.5600 or visit our website at www.transwestern.com/austin. SEATTLE MINNEAPOLIS BOSTON MILWAUKEE SAN FRANCISCO SILICON VALLEY DETROIT GREENWICH NEW YORK NEW JERSEY CHICAGO WALNUT CREEK LOS ANGELES ORANGE COUNTY SAN DIEGO SALT LAKE CITY DENVER ST. LOUIS PHOENIX 901 South MoPac Expressway, Suite 4-250, Austin, Texas 78746 Phone: (512) 328.5600 transwestern.com/austin BETHESDA WASHINGTON DC BALTIMORE NORTHERN VIRGINIA OKLAHOMA CITY ATLANTA FORT DALLAS WORTH AUSTIN SAN ANTONIO HOUSTON NEW ORLEANS ORLANDO FORT LAUDERDALE MIAMI-DADE << 15
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