{"id":1004149891,"date":"2016-08-15T09:30:26","date_gmt":"2016-08-15T17:30:26","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004149891"},"modified":"2020-04-13T22:06:05","modified_gmt":"2020-04-14T06:06:05","slug":"kbs-takes-2-in-austin","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/kbs-takes-2-in-austin\/","title":{"rendered":"KBS Takes 2 in Austin"},"content":{"rendered":"<p>By Anca Gagiuc<\/p>\n<div id=\"attachment_1004149892\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Stonebridge-Plaza-I-II-Asutin-Texas.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004149892\" data-attachment-id=\"1004149892\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/kbs-takes-2-in-austin\/stonebridge-plaza-i-ii-asutin-texas\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Stonebridge-Plaza-I-II-Asutin-Texas.jpg\" data-orig-size=\"948,680\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Anca Gagiuc&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1470846492&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Stonebridge Plaza I &#038; II, Asutin, Texas\" data-image-description=\"&lt;p&gt;Stonebridge Plaza I &#038; II, Asutin, Texas&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Stonebridge Plaza I &#038; II, Asutin, Texas&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Stonebridge-Plaza-I-II-Asutin-Texas.jpg?w=948\" class=\"wp-image-1004149892 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Stonebridge-Plaza-I-II-Asutin-Texas.jpg\" alt=\"Stonebridge Plaza I &amp; II, Asutin, Texas\" width=\"300\" height=\"215\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Stonebridge-Plaza-I-II-Asutin-Texas.jpg 948w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Stonebridge-Plaza-I-II-Asutin-Texas.jpg?resize=300,215 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Stonebridge-Plaza-I-II-Asutin-Texas.jpg?resize=768,551 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004149892\" class=\"wp-caption-text\">Stonebridge Plaza I &amp; II, Asutin, Texas<\/p><\/div>\n<p><strong>Austin, Texas<\/strong>\u2014Newport Beach-based <a href=\"https:\/\/kbs.com\/\" target=\"_blank\" rel=\"nofollow\">KBS Realty Advisors<\/a>\u00a0has acquired Stonebridge Plaza I &amp; II, two Class A <a href=\"https:\/\/www.commercialsearch.com\/news\/office\/\" target=\"_blank\">office towers<\/a> located at 9600 and 9606 North MoPac Expressway in Austin. The nine-story buildings total 386,101 rentable square feet.<\/p>\n<p>\u201cWe believe that Stonebridge Plaza I &amp; II will be a strong addition to KBS\u2019 portfolio,\u201d said Gio Cordoves, senior vice president at KBS and asset manager for the property, in a statement. \u201cAustin has been named one of the fastest growing cities in the U.S. and offers lower business and living costs which complement a young, well-educated population, creating an ideal business location and quality of life for residents and employees.\u201d<\/p>\n<p>The two-building property sits at the intersections of Highway 183, Highway 360 and the MoPac Expressway, providing easy access to Austin\u2019s northwest suburbs, the metro\u2019s central business district and nearby executive housing. Tenants are also in close proximity to The Domain and The Arboretum at Great Hills.<\/p>\n<p>Stonebridge Plaza I &amp; II has a 4\/1,000 parking ratio with a seven-story garage connecting the two LEED-certified office buildings. At the time of the deal, the property was 96 percent leased. Current tenants onclude Qualcomm, Google and Oracle.<\/p>\n<p><em>Image courtesy of KBS<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tenants at Stonebridge Plaza I &#038; II include Qualcomm, Google and Oracle.<\/p>\n","protected":false},"author":237,"featured_media":1004149892,"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-1004149891","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-austin","category-deals","category-investment","category-latest","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>KBS Takes 2 in 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\/kbs-takes-2-in-austin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KBS Takes 2 in Austin\" \/>\n<meta property=\"og:description\" content=\"Tenants at Stonebridge Plaza I &amp; 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