{"id":1004136212,"date":"2016-02-05T05:59:52","date_gmt":"2016-02-05T13:59:52","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004136212"},"modified":"2020-04-28T02:23:58","modified_gmt":"2020-04-28T10:23:58","slug":"donley-plaza-sold-through-cbre-capital-markets","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/donley-plaza-sold-through-cbre-capital-markets\/","title":{"rendered":"OakPoint, Haverwood Take Their 5th"},"content":{"rendered":"

By Anca Gagiuc, Associate Editor<\/em><\/p>\n

\"Donley<\/a>

Donley Plaza, Austin<\/em><\/p><\/div>\n

Austin, Texas<\/strong>\u2014A\u00a0joint venture of Nashville-based OakPoint Real Estate<\/a> and\u00a0Haverwood Management,<\/a> its local partner, is the new owner of Donley Plaza, a\u00a069,547-square-foot office property in North Central Austin.<\/p>\n

Walter Saad, Cathy Nabours and Logan Reichle of\u00a0CBRE\u2019s Austin office<\/a>, represented the buyer, which has now acquired its fifth office property in Austin. Donley Plaza was 65 percent occupied at the time of the sale.<\/p>\n

The seller’s identity was not released; however, the property is listed on the website of Libitzky Property Cos., an investment and development company based in Emeryville, Calif. Terms of the deal remain undisclosed.<\/p>\n

\u201cOakPoint Properties and local operating partner Haverwood Management continue to make a name for themselves in the Austin investment market with the acquisition of Donley Plaza,\u201d said Saad, a CBRE first vice president, in a statement. \u201cThe building\u2019s high parking ratio, combined with zoning that allows for higher density in the North Burnet Gateway overlay, should prove to increase overall future value for the group.\u201d<\/p>\n

Located at 2201 Donley Drive, Donley Plaza was built in 1983 and renovated in 2013. OakPoint and Haverwood are partnering with a local architecture firm to redevelop the property for creative and tech-oriented users, benefiting from the property\u2019s dense parking ratio and proximity to public transportation. Also on the drawing board is a large build-to-suit on an adjacent vacant site; that proposed project is being marketed to large corporate users seeking office space at value pricing. In the near term, a full floor of Donley Plaza is available for lease immediately.<\/p>\n

\u201cThere\u2019s an interesting shift happening as more office tenants recognize value in North Central Austin,” noted Nabours, a CBRE first vice president. “Landlords deviating from traditional drop ceilings and hard-wall offices are attracting technology-focused tenants that are deterred by the more expensive options along Mopac and at the Domain. Rates and occupancies continue to climb in this submarket along with demand.\u201d<\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

CBRE Capital Markets announced closing the sale of Donley Plaza office asset in North Central Austin.<\/p>\n","protected":false},"author":237,"featured_media":1004136213,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21743,21783,21742,21747],"tags":[],"class_list":["post-1004136212","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-austin","category-deals","category-investment","category-latest","category-office"],"acf":[],"yoast_head":"\nOakPoint, Haverwood Take Their 5th - Commercial Property Executive<\/title>\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\/news\/donley-plaza-sold-through-cbre-capital-markets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OakPoint, Haverwood Take Their 5th\" \/>\n<meta property=\"og:description\" content=\"CBRE Capital Markets announced closing the sale of Donley Plaza office asset in North Central Austin.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/donley-plaza-sold-through-cbre-capital-markets\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-02-05T13:59:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-28T10:23:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/Donley-Plaza-Austin.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1500\" \/>\n\t<meta property=\"og:image:height\" content=\"772\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/donley-plaza-sold-through-cbre-capital-markets\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/donley-plaza-sold-through-cbre-capital-markets\/\",\"name\":\"OakPoint, Haverwood Take Their 5th - 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