{"id":1004155768,"date":"2016-10-17T05:35:42","date_gmt":"2016-10-17T13:35:42","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004155768"},"modified":"2020-03-03T07:11:53","modified_gmt":"2020-03-03T15:11:53","slug":"akrea-enters-austin-with-industrial-space-acquisition","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/akrea-enters-austin-with-industrial-space-acquisition\/","title":{"rendered":"AKREA Enters Austin with Industrial Space Acquisition"},"content":{"rendered":"

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

\"Kramer<\/a>

Kramer 1-5 at Braker Center, Austin, Texas<\/p><\/div>\n

Austin, Texas<\/strong>\u2014Adler Kawa Real Estate Advisors<\/a> (AKREA) has made its Austin debut through the acquisition of Kramer 1-5 at Braker Center. The asset was acquired with funds from Fund III, which launched in 2015 and raised more than\u00a0$110 million in new equity capital.<\/p>\n

\u201cWe are excited to make a significant investment in the Austin market with the purchase of Kramer,\u201d Matthew Adler, president & CEO of AKREA, said in prepared remarks. \u201cThe acquisition perfectly matches our strategy of purchasing high quality, multi-tenant industrial and office assets in US markets of high demographic and economic growth.\u201d<\/p>\n

Hale Umstattd and Leah Gallagher of Transwestern<\/a> represented the seller, while financing was provided by PNC<\/a>. David Bass from HPI Real Estate Services & Investments<\/a> will remain the park\u2019s leasing broker.<\/p>\n

\u201cKramer 1-5 at Braker Center represented an amazing value creation opportunity with in-place rental rates significantly below market in the highly desirable North Burnet\/Domain micro market,\u201d said Umstattd. \u201cWe were pleased to be a part of Adler Kawa\u2019s first acquisition in the Austin market.\u201d<\/p>\n

Built in 1999, Kramer consists of five single-story light industrial buildings<\/a> totaling 296,781 square feet. The properties feature 21-foot clear height and efficient floor plans, able to accommodate various tenants seeking different mixtures of office, warehouse, production and showroom space.<\/p>\n

The asset is located less than one mile from The Domain, with easy access to major highways such as Mopac (Loop 1), Highway 183, Loop 360 and Interstate 35.<\/p>\n

Image courtesy of AKREA<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The properties feature 21-foot clear heights and customizable floor plans.<\/p>\n","protected":false},"author":237,"featured_media":1004155772,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21743,21825,21748,21783,21742],"tags":[],"class_list":["post-1004155768","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-austin","category-deals","category-finance","category-industrial","category-investment","category-latest"],"acf":[],"yoast_head":"\nAKREA Enters Austin with Industrial Space Acquisition - 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\/akrea-enters-austin-with-industrial-space-acquisition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AKREA Enters Austin with Industrial Space Acquisition\" \/>\n<meta property=\"og:description\" content=\"The properties feature 21-foot clear heights and customizable floor plans.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/akrea-enters-austin-with-industrial-space-acquisition\/\" \/>\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=\"2016-10-17T13:35:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-03-03T15:11:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/Kramer-1-5-at-Braker-Center.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1102\" \/>\n\t<meta property=\"og:image:height\" content=\"853\" \/>\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\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/akrea-enters-austin-with-industrial-space-acquisition\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/akrea-enters-austin-with-industrial-space-acquisition\\\/\"},\"author\":{\"name\":\"Anca Gagiuc\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"headline\":\"AKREA Enters Austin with Industrial Space Acquisition\",\"datePublished\":\"2016-10-17T13:35:42+00:00\",\"dateModified\":\"2020-03-03T15:11:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/akrea-enters-austin-with-industrial-space-acquisition\\\/\"},\"wordCount\":266,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/akrea-enters-austin-with-industrial-space-acquisition\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/10\\\/Kramer-1-5-at-Braker-Center.jpg\",\"articleSection\":[\"Austin\",\"Deals\",\"Finance\",\"Industrial\",\"Investment\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/akrea-enters-austin-with-industrial-space-acquisition\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/akrea-enters-austin-with-industrial-space-acquisition\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/akrea-enters-austin-with-industrial-space-acquisition\\\/\",\"name\":\"AKREA Enters Austin with Industrial Space Acquisition - 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