{"id":1004303552,"date":"2019-02-27T03:18:53","date_gmt":"2019-02-27T11:18:53","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004303552"},"modified":"2021-05-10T02:07:48","modified_gmt":"2021-05-10T10:07:48","slug":"drawbridge-realty-sells-austin-office-rd-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/drawbridge-realty-sells-austin-office-rd-building\/","title":{"rendered":"Drawbridge Realty Sells Austin Office, R&#038;D Building"},"content":{"rendered":"<div id=\"attachment_1004303567\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/3208-Red-River-Street-e1551195178816.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004303567\" data-attachment-id=\"1004303567\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/drawbridge-realty-sells-austin-office-rd-building\/3208-red-river-street\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/3208-Red-River-Street-e1551195178816.jpg\" data-orig-size=\"997,747\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Lucia Morosanu&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1551194337&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=\"3208 Red River St.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;3208 Red River St.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/3208-Red-River-Street-e1551195178816.jpg?w=997\" class=\"wp-image-1004303567 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/3208-Red-River-Street-e1551195178816.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/3208-Red-River-Street-e1551195178816.jpg 997w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/3208-Red-River-Street-e1551195178816.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/3208-Red-River-Street-e1551195178816.jpg?resize=768,575 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004303567\" class=\"wp-caption-text\">3208 Red River St.<\/p><\/div>\n<p>Drawbridge Realty has sold 3208 Red River St., a 20,762-square-foot office and R&amp;D building in Austin, Texas. According to Travis County records, the buyer is an Austin-based private real estate trust. HFF marketed and closed the sale on behalf of the seller.&nbsp;<\/p>\n<p>The three-story building is close to St. Davis\u2019s Medical Center, less than 1 mile from The University of Texas at Austin, less than 3 miles north of downtown Austin and one block from Interstate 35. The property was fully leased at the time of sale by two tenants. One-third was leased by Xeris Pharmaceutical for their worldwide headquarters and the remaining two-thirds by YMCA, for their Austin executive offices\/headquarters.<\/p>\n<p>Drawbridge Realty purchased the property in 2013 and redeveloped the asset, which took the building to shell condition and included new common areas.<\/p>\n<p>The HFF team that represented the seller included Managing Directors Walter Saad and Cathy Nabours and Director Drew Fuller.&nbsp;Avison Young&nbsp;advised&nbsp;the buyer. Earlier this month, HFF <a href=\"https:\/\/www.commercialsearch.com\/news\/san-diego-office-portfolio-commands-77m\/\">closed a $77 million portfolio sale<\/a> in San Diego, for a four-building collection of properties within the Liberty Station.<\/p>\n<p><em>Image via Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The asset was fully leased at the time of sale. HFF arranged the deal on behalf of the seller, which had acquired the property in 2013.<\/p>\n","protected":false},"author":748,"featured_media":1004303567,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21743,21742,21747],"tags":[41141,37444,32792,38650],"class_list":["post-1004303552","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-austin","category-deals","category-latest","category-office","tag-cathy-nabours","tag-drawbridge-realty","tag-hff","tag-walter-saad"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Drawbridge Realty Sells Austin Office, R&amp;D Building - 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\/drawbridge-realty-sells-austin-office-rd-building\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Drawbridge Realty Sells Austin Office, R&amp;D Building\" \/>\n<meta property=\"og:description\" content=\"The asset was fully leased at the time of sale. HFF arranged the deal on behalf of the seller, which had acquired the property in 2013.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/drawbridge-realty-sells-austin-office-rd-building\/\" \/>\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=\"2019-02-27T11:18:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-10T10:07:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/3208-Red-River-Street-e1551195178816.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"997\" \/>\n\t<meta property=\"og:image:height\" content=\"747\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lucia Morosanu\" \/>\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\\\/drawbridge-realty-sells-austin-office-rd-building\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/drawbridge-realty-sells-austin-office-rd-building\\\/\"},\"author\":{\"name\":\"Lucia Morosanu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1077c2cf363c47bc75d1ab4c42b53bb5\"},\"headline\":\"Drawbridge Realty Sells Austin Office, R&#038;D Building\",\"datePublished\":\"2019-02-27T11:18:53+00:00\",\"dateModified\":\"2021-05-10T10:07:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/drawbridge-realty-sells-austin-office-rd-building\\\/\"},\"wordCount\":206,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/drawbridge-realty-sells-austin-office-rd-building\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2019\\\/02\\\/3208-Red-River-Street-e1551195178816.jpg\",\"keywords\":[\"Cathy Nabours\",\"Drawbridge Realty\",\"HFF\",\"Walter Saad\"],\"articleSection\":[\"Austin\",\"Deals\",\"News\",\"Office\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/drawbridge-realty-sells-austin-office-rd-building\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/drawbridge-realty-sells-austin-office-rd-building\\\/\",\"name\":\"Drawbridge Realty Sells Austin Office, R&D Building - 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