{"id":1004137236,"date":"2016-02-17T07:02:21","date_gmt":"2016-02-17T15:02:21","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004137236"},"modified":"2020-04-24T05:42:20","modified_gmt":"2020-04-24T13:42:20","slug":"arbor-square-office-asset-sold-in-northwest-austin","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/arbor-square-office-asset-sold-in-northwest-austin\/","title":{"rendered":"Arbor Square Office Asset Sold in Northwest Austin"},"content":{"rendered":"

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

\"Arbor<\/a>

Arbor Square, Austin<\/p><\/div>\n

Austin, Texas<\/strong>\u2014CBRE Capital Markets<\/a>\u2019 Investment Properties announced it closed the sale of Arbor Square, a multi-tenant office park in Northwest Austin. Entrada Partners<\/a> of Los Angeles acquired the asset from California-based\u00a0AMC Investments<\/a>. The financial details of the transaction have not been disclosed; the property was 90.2 percent occupied at the time of the sale.<\/p>\n

Walter Saad, Cathy Nabours and Logan Reichle with CBRE\u2019s Austin office represented the seller in the transaction.<\/p>\n

\u201cSince purchasing Arbor Square through our team in 2008, AMC Investments has actively acquired and sold properties in Austin and San Antonio. The firm will still consider an outright building purchase, however their primary strategy has shifted slightly to providing equity and teaming with local operating partners,\u201d Walter Saad, first vice president with CBRE, said in a statement.<\/p>\n

Arbor Square is a Class B asset developed back in 1984 and renovated in 2007. The property\u00a0consists of Arbor Square I & II, totaling 50,836 square feet of office space. Both buildings are storefront-style developments located at 12885 Research Blvd., adjacent to Lakeline Mall in the city’s northwest submarket.<\/p>\n

\u201cArbor Square is strategically located in Austin\u2019s Northwest tech corridor, with direct access off Research Boulevard and adjacent to new retail and multifamily developments. This continues to be one of the strongest submarkets in the city, and we are excited to be part of its growth,\u201d said Reuben Berman, principal at Entrada Partners.<\/p>\n

\u201cEntrada Partners continues to be a great CBRE client in the multifamily arena and this was the first time our team worked with them as buyers of Austin office product. Reuben Berman and his team at Entrada are actively seeking to buy office, retail and industrial product in Central Texas and we expect them to be successful in Austin and surrounding communities for years to come,\u201d said Cathy Nabours, first vice president, CBRE.<\/p>\n","protected":false},"excerpt":{"rendered":"

AMC Investments sold a two-building office property in Texas to an out-of-state investor.<\/p>\n","protected":false},"author":237,"featured_media":1004137237,"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-1004137236","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-austin","category-deals","category-investment","category-latest","category-office"],"acf":[],"yoast_head":"\nArbor Square Office Asset Sold in Northwest Austin - 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\/arbor-square-office-asset-sold-in-northwest-austin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Arbor Square Office Asset Sold in Northwest Austin\" \/>\n<meta property=\"og:description\" content=\"AMC Investments sold a two-building office property in Texas to an out-of-state investor.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/arbor-square-office-asset-sold-in-northwest-austin\/\" \/>\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=\"2016-02-17T15:02:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-24T13:42:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/Arbor-Square-Austin.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"520\" \/>\n\t<meta property=\"og:image:height\" content=\"245\" \/>\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\/arbor-square-office-asset-sold-in-northwest-austin\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/arbor-square-office-asset-sold-in-northwest-austin\/\",\"name\":\"Arbor Square Office Asset Sold in Northwest Austin - 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She is a senior associate editor with Commercial Property Executive and Multi-Housing News who also writes monthly multifamily reports at Yardi Matrix. 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