{"id":1004069322,"date":"2013-03-22T07:08:24","date_gmt":"2013-03-22T15:08:24","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=111315"},"modified":"2020-04-06T05:03:35","modified_gmt":"2020-04-06T13:03:35","slug":"karlin-real-estate-acquires-186000-sq-ft-plaza-35","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/karlin-real-estate-acquires-186000-sq-ft-plaza-35\/","title":{"rendered":"Karlin Real Estate Acquires 186,000-Sq.-Ft. Plaza 35"},"content":{"rendered":"

By Camelia Bulea, Associate Editor<\/em><\/p>\n

\"\"<\/a>Karlin Real Estate, one of the most active real estate investors in Austin, recently closed another acquisition. The Los Angeles-based investor purchased Plaza 35, a 186,000-square-foot property at 12234 N. I-35. The office complex is made up of two buildings that were built in 2000 and were owned by Stream Realty, according to the Austin Business Journal<\/em>.<\/p>\n

At the time of the sale, the Class B property was 100 percent occupied by Yodle Inc., VirTex Assembly Services and Logisticare Solutions LLC, adds the Journal.<\/em> The two-building office center is considered to be a very attractive investment due to its strategic position, near the major intersection of Interstate 35 and U.S. Highway 183, which places it in the heart of the high-growth region of North Austin.<\/p>\n

In the past three years, Karlin has been an active buyer in Austin. In the spring of 2011, Karlin Real Estate acquired from Dell a vacant 301,644 square-foot Class A corporate headquarters and manufacturing facility in northeast Austin in the proximity of Plaza 35. The property is located in the Tech Ridge area, a commercial and retail district containing Dell\u2019s North and South Parmer Campuses, as well as several large retail centers.<\/p>\n

\u201cWe saw this as a great opportunity to acquire a well located, institutional quality asset in a city that leads the nation in job growth,\u201d said Managing Director Matthew Schwab.<\/p>\n

Plaza 35, courtesy of LoopNet<\/em><\/p>\n

For more news from Austin,\u00a0click here<\/strong><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Karlin Real Estate, one of the most active real estate investors in Austin, has closed another acquisition recently. The Los Angeles-based investor purchased Plaza 35, a 186,000-square- foot property at 12234 N. I-35.<\/p>\n","protected":false},"author":271,"featured_media":1004507370,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21742],"tags":[],"class_list":["post-1004069322","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-austin","category-latest"],"acf":[],"yoast_head":"\nKarlin Real Estate Acquires 186,000-Sq.-Ft. 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