Buchanan Capital Buys Austin Office Campus

July 9, 2025

Office Austin Investment News More Southwest

The new ownership will invest $1 million in cosmetic renovations.

Exterior shot of Escalade Office Park, a two-building campus in Austin, Texas. Several cars and trees surrounding the building are visible in the frame — Completed in 1985, the two-building campus is 6 miles from downtown Austin. *Image courtesy of Yardi Research Data*

Buchanan Capital Partners has acquired The Escalade Office Park, a 116,434-square-foot, two-building office campus in Austin, Texas. The company will rebrand the property as Westbank Pointe. Transwestern will continue to lead the leasing and management efforts.

Wedge previously owned the asset, according to Yardi Research Data. The firm acquired the campus in November 2016 from TA Realty using a $16.4 million loan.

Built in 1985 and renovated in 2010, the property is at 4301 Westbank Drive, within the Westlake suburb, and 6 miles from downtown Austin. The Austin-Bergstrom International Airport is some 13 miles southeast.

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The three-story buildings have floorplates ranging from 4,533 to 21,754 square feet. The LEED-certified property also has more than 370 parking spaces and four passenger elevators. Buchanan Capital Partners plans to invest $1 million in cosmetic improvements to the building’s lobby and common areas, which are scheduled for completion by the end of the year.

Austin’s office investment volume year-to-date as of May clocked in at $257 million, with assets trading for $221 per square foot on average, according to the latest Yardi Matrix office report. The metro also recorded the second-highest vacancy rate nationally, clocking in at 26.7 percent, up 340 basis points over a 12-month period.

In May, The City of Austin purchased University Park, a 206,657-square-foot office building located within the city. Lionstone Investments sold the asset for $26 million in a JLL-brokered deal.