{"id":378,"date":"2021-01-07T08:01:18","date_gmt":"2021-01-07T08:01:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/blog\/?p=378"},"modified":"2022-01-12T13:46:30","modified_gmt":"2022-01-12T13:46:30","slug":"austin-office-sale-7000-west-lantana","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/blog\/austin-office-sale-7000-west-lantana\/","title":{"rendered":"Southwest Austin Office Complex Changes Hands"},"content":{"rendered":"

Cushman & Wakefield (C&W) recently announced the sale of the 7000 West at Lantana office complex in Southwest Austin. At the time of sale, the two-building property was fully leased to semiconductor company Advanced Micro Devices Inc. and medical device company Smith + Nephew. Encompassing roughly 136,000 square feet of Austin office space<\/a>, the Class A property offers stabilized cash flow with durable income in the high-barrier submarket of Oak Hill.<\/p>\n

\"7000<\/a>
7000 West at Lantana at 7000 West William Cannon Drive, Austin TX<\/em><\/figcaption><\/figure>\n

West at Lantana was built in two phases: Phase I was completed in 1998, while phase II was delivered in 2001. Each building is two stories tall and incorporates 35,000-square-foot floorplates. The property occupies an 11-acre site and benefits from major street exposure along West William Cannon Drive, as well as convenient access to the Southwest Parkway. The grade-level parking lot accommodates up to 599 parking spaces.<\/p>\n

\"7000<\/a>
7000 West at Lantana at 7000 West William Cannon Drive, Austin TX<\/em><\/figcaption><\/figure>\n

While the sale price was not disclosed, the seller was represented by Cushman & Wakefield\u2019s Mike McDonald, Ryan Stevens and Celeste Fowden of the Sunbelt Institutional Capital Markets team.<\/p>\n

\u201c7000 West at Lantana is a first-generation office asset developed in 1999\/2000 as part of the Lantana master plan,\u201d McDonald said. \u201cAs the Southwest Parkway corridor has matured, these assets have evolved into semi-specialized buildings with significant R&D lab components. Investor and tenant demand alike remain strong for specialized office\/lab product like 7000 West.\u201d<\/p>\n

Tech Continues to Fuel Growth in Austin<\/h2>\n

In the last few years, Texas has seen a flurry of big-name relocations and expansions, specifically in the Austin area. Most recently, Silicon Valley pioneer Oracle announced the official relocation of its headquarters from the San Francisco Bay Area to Austin. The software company began transitioning back in 2018, when it opened a massive live-in campus that spans 40 acres of Lady Bird Lake waterfront property and can accommodate up to 10,000 employees.<\/p>\n

\"Oracle<\/a>
Oracle Waterfront Campus at 2300 Oracle Way, Austin TX<\/em><\/figcaption><\/figure>\n

Notable tech moves consistently driving growth in the Austin office market also include the $1 billion local investment pledged by Apple. After initiating a nationwide expansion to increase investment in U.S. manufacturing, engineering and other jobs, the company broke ground on a 133-acre campus in 2019 that is expected to open in 2022. Designed to incorporate 3 million square feet of office space, Apple\u2019s digs in Silicon Hills are planned to accommodate up to 15,000 employees and will be dedicated to the manufacturing of the Mac Pro.<\/p>\n

Then, in 2020, California-based automotive manufacturer Tesla announced that it would build its fourth U.S. factory in Austin. In particular, the facility will manufacture the company\u2019s electric-powered Cybertruck, as well as the Model Y, Model 3 and Tesla Semi. Located on more than 2,000 acres of land east of the Austin-Bergstrom International Airport, this new Tesla location is also said to incorporate a \u201cpublic access ecological paradise.\u201d Complete with a boardwalk, as well as hiking and biking trails, the sustainability-oriented design seeks to maximize the region\u2019s potential for outdoor leisure by transforming an old mining site into a sustainable factory with recreational opportunities.<\/p>\n

 <\/p>\n

Property images courtesy of CommercialEdge.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Cushman & Wakefield represented the seller of 7000 West at Lantana. Encompassing 136,000 square feet of Class A Austin office space, the property was sold at 100% occupancy. <\/p>\n","protected":false},"author":48,"featured_media":384,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[6,5],"tags":[],"class_list":["post-378","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-office-news"],"acf":[],"yoast_head":"\nCushman&Wakefield Wraps Austin Office Sale | CommercialSearch<\/title>\n<meta name=\"description\" content=\"Cushman & Wakefield wrapped sale of 7000 West at Lantana, fully leased class A Austin office space in high-barrier submarket.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/blog\/austin-office-sale-7000-west-lantana\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cushman&Wakefield Wraps Austin Office Sale | CommercialSearch\" \/>\n<meta property=\"og:description\" content=\"Cushman & Wakefield wrapped sale of 7000 West at Lantana, fully leased class A Austin office space in high-barrier submarket.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/blog\/austin-office-sale-7000-west-lantana\/\" \/>\n<meta property=\"og:site_name\" content=\"CommercialSearch\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-07T08:01:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-12T13:46:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2021\/01\/Austin-skyline-from-across-lady-bird-lake.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1250\" \/>\n\t<meta property=\"og:image:height\" content=\"788\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ioana Ginsac\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ioana Ginsac\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/austin-office-sale-7000-west-lantana\/\",\"url\":\"https:\/\/www.commercialsearch.com\/blog\/austin-office-sale-7000-west-lantana\/\",\"name\":\"Cushman&Wakefield Wraps Austin Office Sale | CommercialSearch\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/austin-office-sale-7000-west-lantana\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/austin-office-sale-7000-west-lantana\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2021\/01\/Austin-skyline-from-across-lady-bird-lake.jpg\",\"datePublished\":\"2021-01-07T08:01:18+00:00\",\"dateModified\":\"2022-01-12T13:46:30+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/#\/schema\/person\/48aeaad10a9efc4d927324fcb20632f2\"},\"description\":\"Cushman & Wakefield wrapped sale of 7000 West at Lantana, fully leased class A Austin office space in high-barrier submarket.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/austin-office-sale-7000-west-lantana\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/blog\/austin-office-sale-7000-west-lantana\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/austin-office-sale-7000-west-lantana\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2021\/01\/Austin-skyline-from-across-lady-bird-lake.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2021\/01\/Austin-skyline-from-across-lady-bird-lake.jpg\",\"width\":1250,\"height\":788},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/austin-office-sale-7000-west-lantana\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Southwest Austin Office Complex Changes Hands\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/blog\/\",\"name\":\"CommercialSearch\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/#\/schema\/person\/48aeaad10a9efc4d927324fcb20632f2\",\"name\":\"Ioana Ginsac\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/8c5f5914f0f974fc873bb1a038d7e7f5662f7de3395aee899b92a07f9ed68a3c?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/8c5f5914f0f974fc873bb1a038d7e7f5662f7de3395aee899b92a07f9ed68a3c?s=96&d=mm&r=g\",\"caption\":\"Ioana Ginsac\"},\"description\":\"Ioana is a content writer who has been covering all-things-CRE (and more) for several Yardi network publications since 2017. You will find her byline regularly in industry news and market reports, but also on articles covering sustainable development, green urbanism, and innovation, all of which she has been passionately learning about for more than a decade. Her work has been referenced by publications including AmericanInno, Bisnow, BusinessInsider, Commercial Property Executive, Curbed, Fast Company, Forbes, GlobeSt.\",\"url\":\"https:\/\/www.commercialsearch.com\/blog\/author\/ioana-ginsac\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Cushman&Wakefield Wraps Austin Office Sale | CommercialSearch","description":"Cushman & Wakefield wrapped sale of 7000 West at Lantana, fully leased class A Austin office space in high-barrier submarket.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/blog\/austin-office-sale-7000-west-lantana\/","og_locale":"en_US","og_type":"article","og_title":"Cushman&Wakefield Wraps Austin Office Sale | CommercialSearch","og_description":"Cushman & Wakefield wrapped sale of 7000 West at Lantana, fully leased class A Austin office space in high-barrier submarket.","og_url":"https:\/\/www.commercialsearch.com\/blog\/austin-office-sale-7000-west-lantana\/","og_site_name":"CommercialSearch","article_published_time":"2021-01-07T08:01:18+00:00","article_modified_time":"2022-01-12T13:46:30+00:00","og_image":[{"width":1250,"height":788,"url":"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2021\/01\/Austin-skyline-from-across-lady-bird-lake.jpg","type":"image\/jpeg"}],"author":"Ioana Ginsac","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Ioana Ginsac","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/blog\/austin-office-sale-7000-west-lantana\/","url":"https:\/\/www.commercialsearch.com\/blog\/austin-office-sale-7000-west-lantana\/","name":"Cushman&Wakefield Wraps Austin Office Sale | CommercialSearch","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/blog\/austin-office-sale-7000-west-lantana\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/blog\/austin-office-sale-7000-west-lantana\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2021\/01\/Austin-skyline-from-across-lady-bird-lake.jpg","datePublished":"2021-01-07T08:01:18+00:00","dateModified":"2022-01-12T13:46:30+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/blog\/#\/schema\/person\/48aeaad10a9efc4d927324fcb20632f2"},"description":"Cushman & Wakefield wrapped sale of 7000 West at Lantana, fully leased class A Austin office space in high-barrier submarket.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/blog\/austin-office-sale-7000-west-lantana\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/blog\/austin-office-sale-7000-west-lantana\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/blog\/austin-office-sale-7000-west-lantana\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2021\/01\/Austin-skyline-from-across-lady-bird-lake.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2021\/01\/Austin-skyline-from-across-lady-bird-lake.jpg","width":1250,"height":788},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/blog\/austin-office-sale-7000-west-lantana\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Southwest Austin Office Complex Changes Hands"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/blog\/#website","url":"https:\/\/www.commercialsearch.com\/blog\/","name":"CommercialSearch","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/blog\/#\/schema\/person\/48aeaad10a9efc4d927324fcb20632f2","name":"Ioana Ginsac","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/8c5f5914f0f974fc873bb1a038d7e7f5662f7de3395aee899b92a07f9ed68a3c?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/8c5f5914f0f974fc873bb1a038d7e7f5662f7de3395aee899b92a07f9ed68a3c?s=96&d=mm&r=g","caption":"Ioana Ginsac"},"description":"Ioana is a content writer who has been covering all-things-CRE (and more) for several Yardi network publications since 2017. You will find her byline regularly in industry news and market reports, but also on articles covering sustainable development, green urbanism, and innovation, all of which she has been passionately learning about for more than a decade. Her work has been referenced by publications including AmericanInno, Bisnow, BusinessInsider, Commercial Property Executive, Curbed, Fast Company, Forbes, GlobeSt.","url":"https:\/\/www.commercialsearch.com\/blog\/author\/ioana-ginsac\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2021\/01\/Austin-skyline-from-across-lady-bird-lake.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/posts\/378","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/users\/48"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/comments?post=378"}],"version-history":[{"count":4,"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/posts\/378\/revisions"}],"predecessor-version":[{"id":386,"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/posts\/378\/revisions\/386"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/media\/384"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/media?parent=378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/categories?post=378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/tags?post=378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}