{"id":1004320859,"date":"2019-05-02T02:27:25","date_gmt":"2019-05-02T10:27:25","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004320859"},"modified":"2019-05-03T01:39:42","modified_gmt":"2019-05-03T09:39:42","slug":"oakpoint-acquires-austin-office-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/oakpoint-acquires-austin-office-asset\/","title":{"rendered":"OakPoint Acquires Austin Office Asset"},"content":{"rendered":"
\"Westlake<\/a>

Westlake Place. Image courtesy of HFF<\/em><\/p><\/div>\n

OakPoint Real Estate has acquired Westlake Place, a 61,740-square-foot office property in Austin, Texas, from Moore & Associates. HFF arranged a 10-year, fixed rate acquisition loan through Lincoln Financial Group on behalf of the buyer. A sale price was not disclosed.<\/p>\n

The buyer purchased the five-story building with a portion of $50 million in capital the company received last year. OakPoint plans to invest in additional capital improvements at the Class B office property, which was 92 percent leased at the time of the deal. According to Yardi Matrix data, the asset last changed hands in 2015, when Moore & Associates purchased the property from Berns Commercial Properties. The sale was subject to a $9 million loan held by Regions Bank.  <\/p>\n

Built in 1981, Westlake Place is located at 1515 S. Capital of Texas Highway in southwest Austin, on a 2.5-acre site. The property is near the Village at Westlake Shopping Center and Barton Creek Square and provides easy access to main thoroughfares such as Texas State Highways loops 1 and 360. <\/p>\n

An HFF investment advisory team of Cathy Nabours, Walter Saad and Drew Fuller represented the seller in the deal, while an HFF debt placement team led by Chris McColpin acted on behalf the buyer.<\/p>\n

Boom town<\/strong><\/h2>\n

The deal comes on the heels of a successful year for commercial real estate in the Central Texas metro. Austin\u2019s office market experienced high demand in 2018<\/a>, bolstered by steady job growth and company expansions, according to the latest Yardi Matrix report. That demand is being matched by a large amount of supply in the pipeline\u20143.6 million square feet was under construction as of December.<\/p>\n

OakPoint has been active in the Austin office market for several years, along with local partner Haverwood Management. In a joint venture with Haverwood, OakPoint acquired Donley Plaza, a 69,547-square-foot office<\/a> property in North Central Austin.<\/p>\n","protected":false},"excerpt":{"rendered":"

The firm purchased Westlake Place, a five-story property in southwest Austin, from Moore & Associates. HFF arranged acquisition financing on behalf of the buyer.<\/p>\n","protected":false},"author":745,"featured_media":1004320871,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21743,21808,21742,21747],"tags":[32792,37187,36889,45440],"class_list":["post-1004320859","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-austin","category-deals","category-featured","category-latest","category-office","tag-hff","tag-lincoln-financial-group","tag-moore-associates","tag-oakpoint-real-estate"],"acf":[],"yoast_head":"\nOakPoint Acquires Austin Office Asset - 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\/oakpoint-acquires-austin-office-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OakPoint Acquires Austin Office Asset\" \/>\n<meta property=\"og:description\" content=\"The firm purchased Westlake Place, a five-story property in southwest Austin, from Moore & Associates. HFF arranged acquisition financing on behalf of the buyer.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/oakpoint-acquires-austin-office-asset\/\" \/>\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=\"2019-05-02T10:27:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-05-03T09:39:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/Westlake-Place-Email-e1556732640722.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Holly Dutton\" \/>\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\\\/oakpoint-acquires-austin-office-asset\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/oakpoint-acquires-austin-office-asset\\\/\"},\"author\":{\"name\":\"Holly Dutton\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/9259ffaba4775229ae3556b9555e566d\"},\"headline\":\"OakPoint Acquires Austin Office Asset\",\"datePublished\":\"2019-05-02T10:27:25+00:00\",\"dateModified\":\"2019-05-03T09:39:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/oakpoint-acquires-austin-office-asset\\\/\"},\"wordCount\":323,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/oakpoint-acquires-austin-office-asset\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2019\\\/05\\\/Westlake-Place-Email-e1556732640722.jpg\",\"keywords\":[\"HFF\",\"Lincoln Financial Group\",\"Moore & Associates\",\"OakPoint Real Estate\"],\"articleSection\":[\"Austin\",\"Deals\",\"Featured\",\"News\",\"Office\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/oakpoint-acquires-austin-office-asset\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/oakpoint-acquires-austin-office-asset\\\/\",\"name\":\"OakPoint Acquires Austin Office Asset - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/oakpoint-acquires-austin-office-asset\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/oakpoint-acquires-austin-office-asset\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2019\\\/05\\\/Westlake-Place-Email-e1556732640722.jpg\",\"datePublished\":\"2019-05-02T10:27:25+00:00\",\"dateModified\":\"2019-05-03T09:39:42+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/9259ffaba4775229ae3556b9555e566d\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/oakpoint-acquires-austin-office-asset\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/oakpoint-acquires-austin-office-asset\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/oakpoint-acquires-austin-office-asset\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2019\\\/05\\\/Westlake-Place-Email-e1556732640722.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2019\\\/05\\\/Westlake-Place-Email-e1556732640722.jpg\",\"width\":1000,\"height\":750,\"caption\":\"Westlake Place. Image courtesy of HFF\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/oakpoint-acquires-austin-office-asset\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"OakPoint Acquires Austin Office Asset\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/9259ffaba4775229ae3556b9555e566d\",\"name\":\"Holly Dutton\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/05\\\/Holly-D-Dutton-e1622041566670.png?w=75\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/05\\\/Holly-D-Dutton-e1622041566670.png?w=75\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/05\\\/Holly-D-Dutton-e1622041566670.png?w=75\",\"caption\":\"Holly Dutton\"},\"description\":\"Holly Dutton is a Senior Editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2018 and has reported on the real estate sector since 2012. She was previously with Real Estate Weekly and the Houston Chronicle. Connect with her on twitter: @HollyDutton\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/hollydutton\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"OakPoint Acquires Austin Office Asset - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/oakpoint-acquires-austin-office-asset\/","og_locale":"en_US","og_type":"article","og_title":"OakPoint Acquires Austin Office Asset","og_description":"The firm purchased Westlake Place, a five-story property in southwest Austin, from Moore & Associates. HFF arranged acquisition financing on behalf of the buyer.","og_url":"https:\/\/www.commercialsearch.com\/news\/oakpoint-acquires-austin-office-asset\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2019-05-02T10:27:25+00:00","article_modified_time":"2019-05-03T09:39:42+00:00","og_image":[{"width":1000,"height":750,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/Westlake-Place-Email-e1556732640722.jpg","type":"image\/jpeg"}],"author":"Holly Dutton","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/oakpoint-acquires-austin-office-asset\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/oakpoint-acquires-austin-office-asset\/"},"author":{"name":"Holly Dutton","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9259ffaba4775229ae3556b9555e566d"},"headline":"OakPoint Acquires Austin Office Asset","datePublished":"2019-05-02T10:27:25+00:00","dateModified":"2019-05-03T09:39:42+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/oakpoint-acquires-austin-office-asset\/"},"wordCount":323,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/oakpoint-acquires-austin-office-asset\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/Westlake-Place-Email-e1556732640722.jpg","keywords":["HFF","Lincoln Financial Group","Moore & Associates","OakPoint Real Estate"],"articleSection":["Austin","Deals","Featured","News","Office"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/oakpoint-acquires-austin-office-asset\/","url":"https:\/\/www.commercialsearch.com\/news\/oakpoint-acquires-austin-office-asset\/","name":"OakPoint Acquires Austin Office Asset - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/oakpoint-acquires-austin-office-asset\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/oakpoint-acquires-austin-office-asset\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/Westlake-Place-Email-e1556732640722.jpg","datePublished":"2019-05-02T10:27:25+00:00","dateModified":"2019-05-03T09:39:42+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9259ffaba4775229ae3556b9555e566d"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/oakpoint-acquires-austin-office-asset\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/oakpoint-acquires-austin-office-asset\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/oakpoint-acquires-austin-office-asset\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/Westlake-Place-Email-e1556732640722.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/Westlake-Place-Email-e1556732640722.jpg","width":1000,"height":750,"caption":"Westlake Place. Image courtesy of HFF"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/oakpoint-acquires-austin-office-asset\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"OakPoint Acquires Austin Office Asset"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9259ffaba4775229ae3556b9555e566d","name":"Holly Dutton","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Holly-D-Dutton-e1622041566670.png?w=75","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Holly-D-Dutton-e1622041566670.png?w=75","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Holly-D-Dutton-e1622041566670.png?w=75","caption":"Holly Dutton"},"description":"Holly Dutton is a Senior Editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2018 and has reported on the real estate sector since 2012. She was previously with Real Estate Weekly and the Houston Chronicle. Connect with her on twitter: @HollyDutton","url":"https:\/\/www.commercialsearch.com\/news\/author\/hollydutton\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/Westlake-Place-Email-e1556732640722.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004320859","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/745"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004320859"}],"version-history":[{"count":8,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004320859\/revisions"}],"predecessor-version":[{"id":1004321297,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004320859\/revisions\/1004321297"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004320871"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004320859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004320859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004320859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}