{"id":1004165630,"date":"2017-02-03T00:34:54","date_gmt":"2017-02-03T08:34:54","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004165630"},"modified":"2022-12-03T05:58:20","modified_gmt":"2022-12-03T13:58:20","slug":"bh-properties-enters-austin-market-with-20-5m-deal","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bh-properties-enters-austin-market-with-20-5m-deal\/","title":{"rendered":"BH Properties Enters Austin Market with $20.5M Deal"},"content":{"rendered":"<p style=\"text-align: justify\"><em>By Anca Gagiuc<\/em><\/p>\n<div id=\"attachment_1004165632\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Goldsmith-International-Holdngs-Inc.-Austin_a.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004165632\" data-attachment-id=\"1004165632\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/bh-properties-enters-austin-market-with-20-5m-deal\/goldsmith-international-holdngs-inc-austin_a\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Goldsmith-International-Holdngs-Inc.-Austin_a.jpg\" data-orig-size=\"624,417\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&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=\"Goldsmith International Holdngs Inc., Austin_a\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;90,000-square-foot building, formerly used as retail and office space.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Goldsmith-International-Holdngs-Inc.-Austin_a.jpg?w=624\" class=\"wp-image-1004165632 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Goldsmith-International-Holdngs-Inc.-Austin_a.jpg\" alt=\"90,000-square-foot building, formerly used as retail and office space.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Goldsmith-International-Holdngs-Inc.-Austin_a.jpg 624w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Goldsmith-International-Holdngs-Inc.-Austin_a.jpg?resize=300,200 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004165632\" class=\"wp-caption-text\">90,000-square-foot building, formerly used as retail and office space.<\/p><\/div>\n<p style=\"text-align: justify\"><strong>Austin, Texas<\/strong>\u2014BH Properties announced their first acquisition in Austin, Texas\u2014the former Golfsmith International Holdings Inc. headquarters, a national golf retailer that filed for bankruptcy in 2016. The Los Angeles-based\u00a0investor paid $20.5 million for the four-building property.\u00a0Michael Jerbich of A&amp;G Realty Partners represented Goldsmith International in the deal, while BH Properties represented themselves.<\/p>\n<div id=\"attachment_1004165634\" style=\"width: 310px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/The-property-offers-some-of-the-largest-blocks-of-contiguous-space-available-in-Austin-and-can-be-occupied-by-a-single-user-or-multiple-tenants..jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004165634\" data-attachment-id=\"1004165634\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/bh-properties-enters-austin-market-with-20-5m-deal\/the-property-offers-some-of-the-largest-blocks-of-contiguous-space-available-in-austin-and-can-be-occupied-by-a-single-user-or-multiple-tenants\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/The-property-offers-some-of-the-largest-blocks-of-contiguous-space-available-in-Austin-and-can-be-occupied-by-a-single-user-or-multiple-tenants..jpg\" data-orig-size=\"624,417\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&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=\"The property offers some of the largest blocks of contiguous space available in Austin, and can be occupied by a single user or multiple tenants.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;The property offers some of the largest blocks of contiguous space available in Austin, and can be occupied by a single user or multiple tenants.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/The-property-offers-some-of-the-largest-blocks-of-contiguous-space-available-in-Austin-and-can-be-occupied-by-a-single-user-or-multiple-tenants..jpg?w=624\" class=\"wp-image-1004165634 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/The-property-offers-some-of-the-largest-blocks-of-contiguous-space-available-in-Austin-and-can-be-occupied-by-a-single-user-or-multiple-tenants..jpg\" alt=\"The property offers some of the largest blocks of contiguous space available in Austin, and can be occupied by a single user or multiple tenants.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/The-property-offers-some-of-the-largest-blocks-of-contiguous-space-available-in-Austin-and-can-be-occupied-by-a-single-user-or-multiple-tenants..jpg 624w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/The-property-offers-some-of-the-largest-blocks-of-contiguous-space-available-in-Austin-and-can-be-occupied-by-a-single-user-or-multiple-tenants..jpg?resize=300,200 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004165634\" class=\"wp-caption-text\">The property offers some of the largest blocks of contiguous space available in Austin, and can be occupied by a single user or multiple tenants.<\/p><\/div>\n<p style=\"text-align: justify\">Situated on 40 acres at 11000 N Interstate 35, the 332,345-square-foot property was built between 1991 and 1998 and features a 90,000-square-foot building previously used as retail and office space, and three manufacturing and distribution facilities comprising 239,000 square feet. Furthermore, the asset encompasses more than 10 acres of open space, currently utilized as an operating driving range and putting green. The property boasts some of the largest blocks of contiguous space available in Austin.<\/p>\n<div id=\"attachment_1004165899\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/The-property-encompasses-more-than-10-acres-of-open-space-currently-utilized-as-a-working-driving-range-and-putting-green..jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004165899\" data-attachment-id=\"1004165899\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/bh-properties-enters-austin-market-with-20-5m-deal\/the-property-encompasses-more-than-10-acres-of-open-space-currently-utilized-as-a-working-driving-range-and-putting-green\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/The-property-encompasses-more-than-10-acres-of-open-space-currently-utilized-as-a-working-driving-range-and-putting-green..jpg\" data-orig-size=\"624,239\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&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=\"Goldsmith International Holdngs Inc., Austin\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;The property encompasses more than 10 acres of open space, currently utilized as a working driving range and putting green.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/The-property-encompasses-more-than-10-acres-of-open-space-currently-utilized-as-a-working-driving-range-and-putting-green..jpg?w=624\" class=\"wp-image-1004165899 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/The-property-encompasses-more-than-10-acres-of-open-space-currently-utilized-as-a-working-driving-range-and-putting-green..jpg\" alt=\"The property encompasses more than 10 acres of open space, currently utilized as a working driving range and putting green.\" width=\"300\" height=\"115\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/The-property-encompasses-more-than-10-acres-of-open-space-currently-utilized-as-a-working-driving-range-and-putting-green..jpg 624w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/The-property-encompasses-more-than-10-acres-of-open-space-currently-utilized-as-a-working-driving-range-and-putting-green..jpg?resize=300,115 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004165899\" class=\"wp-caption-text\">The property encompasses more than 10 acres of open space, currently utilized as a working driving range and putting green.<\/p><\/div>\n<p style=\"text-align: justify\">\u201cThis is an excellent opportunity for us to reposition quality real estate in a thriving market and great location. Just as we were successful in repositioning the Radio Shack distribution portfolio in Fort Worth, we are highly confident that we\u2019ll find a receptive leasing market for these buildings. We\u2019re very excited to finally be able to break into the Austin market,\u201d BH Properties\u2019 CAO Andrew Van Tuyle said in a prepared statement.<\/p>\n<p style=\"text-align: justify\"><em>Images by Craig Washburn of Austin, Texas via BH Properties<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The property boasts some of the largest blocks of contiguous space available in Austin.<\/p>\n","protected":false},"author":237,"featured_media":1004165631,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21743,21783,21752,21742],"tags":[33766,33765],"class_list":["post-1004165630","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-austin","category-deals","category-investment","category-mixed-use","category-latest","tag-ag-realty-partners","tag-bh-properties"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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