{"id":1004377760,"date":"2019-12-20T04:40:41","date_gmt":"2019-12-20T12:40:41","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004377760"},"modified":"2019-12-20T07:39:00","modified_gmt":"2019-12-20T15:39:00","slug":"zydeco-development-reels-in-100m-for-austin-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/zydeco-development-reels-in-100m-for-austin-portfolio\/","title":{"rendered":"Zydeco Development Reels in $100M for Austin Portfolio"},"content":{"rendered":"
\"\"<\/a>

MetCenter, industrial building. Image courtesy of Mohr Capital<\/em><\/p><\/div>\n

Mohr Capital, a Dallas-based privately held real estate investment firm, has acquired MetCenter, a five-building, 404,800-square-foot industrial and office portfolio in Austin<\/a>, Texas, from Zydeco Development for $100 million. Amazon.com Inc. and Uber Advanced Technologies currently lease the 160,000-square-foot industrial building within the portfolio.<\/p>\n

\n

READ ALSO<\/strong>: Zydeco Adds Creative Office Space to Austin MetCenter<\/a><\/p>\n

\n

The four office buildings, which total 244,800 square feet of space, have a diverse mix of tenants from the technology, government and health-care sectors. One of the tenants, Arrive Logistics Inc., a third-party logistics startup, leases 78,000 square feet of space in two buildings at the 550-acre business park near Austin-Bergstrom International Airport.<\/p>\n

Attractive features<\/h2>\n

Easy accesses to the airport as well as major highways were among the reasons cited by Mohr Capital for purchasing the property. MetCenter has access to Highway 71, Highway 183\u2019s new 12-lane expansion and State Highway 130. It is also less than 5 miles from downtown Austin.<\/p>\n

\"\"<\/a>

MetCenter, office component. Image courtesy of Mohr Capital<\/em><\/p><\/div>\n

Boyd Messmann, acquisitions consultant for Mohr Capital, also noted the business park has above-market parking ratios. He added in prepared remarks that MetCenter provided tenants with high-quality office and industrial space at a significant discount to CBD occupancy costs. He also cited the two on-site substations that have separate power sources for redundant power and underground telecom infrastructure with multiple carriers.<\/p>\n

Bob Mohr, founder & chairman of Mohr Capital, said in a prepared statement that Austin\u2019s favorable tax environment and growth through corporate relocations and population inflow will help the city continue its growth as a hub for business and innovation. Mohr said the firm plans to actively seek other opportunities in the area, which is one of the fastest-growing markets in the nation.<\/p>\n

Messmann and Kyle Campbell, director of acquisitions, represented Mohr Capital throughout the transaction. JLL\u2019s Austin Capital Markets team represented Zydeco.<\/p>\n

A multi-phase project<\/h2>\n

The sale of MetCenter comes as Zydeco recently finished development of two creative office buildings at the business park. Located at 8000 Metropolis Drive on 14.1 acres, the new buildings are part of the second phase. Prosperity Bank provided a five-year, $27.1 million construction loan to Zydeco, according to Travis County records.<\/p>\n

Zydeco broke ground on the first of four<\/a> buildings in November 2018. At that time, JLL had completed leases for Arrive Logistics as well as Seton Healthcare, Power Home Remodeling Group and Kapsch TrafficCom. On-site amenities include a disc golf course, 1.5-mile hike and bike trail and basketball and tennis courts. A food truck court is available for tenants and visitors during lunch hours on weekdays.<\/p>\n

Mohr’s most recent deal
\n<\/strong><\/h2>\n

Last month, Mohr Capital sold a 460,000-square-foot net-leased office building<\/a> in the Cleveland suburb of Mayfield Heights, Ohio, in an off-market transaction for $61.1 million. The buyer of the property, which is fully leased to Rockwell Automation for 13 years, was not disclosed. The firm had acquired the asset for $52 million about two years ago when it was in foreclosure proceedings.<\/p>\n","protected":false},"excerpt":{"rendered":"

Amazon and Uber are among the tenants of the five-building collection of industrial and office assets.<\/p>\n","protected":false},"author":1068,"featured_media":1004377817,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21743,21808,21783,21742,21747],"tags":[37482,48245,32796,38841,34586,42857],"class_list":["post-1004377760","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-austin","category-deals","category-featured","category-investment","category-latest","category-office","tag-amazon","tag-boyd-messmann","tag-jll","tag-mohr-capital","tag-uber","tag-zydeco-development"],"acf":[],"yoast_head":"\nZydeco Development Reels in $100M for Austin Portfolio - 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\/zydeco-development-reels-in-100m-for-austin-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zydeco Development Reels in $100M for Austin Portfolio\" \/>\n<meta property=\"og:description\" content=\"Amazon and Uber are among the tenants of the five-building collection of industrial and office assets.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/zydeco-development-reels-in-100m-for-austin-portfolio\/\" \/>\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=\"2019-12-20T12:40:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-12-20T15:39:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/MetCenter.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gail Kalinoski\" \/>\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\\\/zydeco-development-reels-in-100m-for-austin-portfolio\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/zydeco-development-reels-in-100m-for-austin-portfolio\\\/\"},\"author\":{\"name\":\"Gail Kalinoski\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/fc5b5df1393e5023d2417bd48c2fda57\"},\"headline\":\"Zydeco Development Reels in $100M for Austin Portfolio\",\"datePublished\":\"2019-12-20T12:40:41+00:00\",\"dateModified\":\"2019-12-20T15:39:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/zydeco-development-reels-in-100m-for-austin-portfolio\\\/\"},\"wordCount\":516,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/zydeco-development-reels-in-100m-for-austin-portfolio\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2019\\\/12\\\/MetCenter.jpg\",\"keywords\":[\"Amazon\",\"Boyd Messmann\",\"JLL\",\"Mohr Capital\",\"Uber\",\"Zydeco Development\"],\"articleSection\":[\"Austin\",\"Deals\",\"Featured\",\"Investment\",\"News\",\"Office\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/zydeco-development-reels-in-100m-for-austin-portfolio\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/zydeco-development-reels-in-100m-for-austin-portfolio\\\/\",\"name\":\"Zydeco Development Reels in $100M for Austin Portfolio - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/zydeco-development-reels-in-100m-for-austin-portfolio\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/zydeco-development-reels-in-100m-for-austin-portfolio\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2019\\\/12\\\/MetCenter.jpg\",\"datePublished\":\"2019-12-20T12:40:41+00:00\",\"dateModified\":\"2019-12-20T15:39:00+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/fc5b5df1393e5023d2417bd48c2fda57\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/zydeco-development-reels-in-100m-for-austin-portfolio\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/zydeco-development-reels-in-100m-for-austin-portfolio\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/zydeco-development-reels-in-100m-for-austin-portfolio\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2019\\\/12\\\/MetCenter.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2019\\\/12\\\/MetCenter.jpg\",\"width\":800,\"height\":620,\"caption\":\"MetCenter. Image courtesy of Mohr Capital\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/zydeco-development-reels-in-100m-for-austin-portfolio\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Zydeco Development Reels in $100M for Austin Portfolio\"}]},{\"@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\\\/fc5b5df1393e5023d2417bd48c2fda57\",\"name\":\"Gail Kalinoski\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/04\\\/Gail-Kalinoski-headshot.jpeg?w=86\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/04\\\/Gail-Kalinoski-headshot.jpeg?w=86\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/04\\\/Gail-Kalinoski-headshot.jpeg?w=86\",\"caption\":\"Gail Kalinoski\"},\"description\":\"Kalinoski has been a contributing writer to Commercial Property Executive and Multi-Housing News since 2010 and previously wrote for three years for Commercial Property News. Gail has been a freelance writer and editor for more than 20 years, contributing to daily websites, magazines, weekly business newspapers, market intelligence newsletters, research reports, monthly B-to-B and consumer magazines. Earlier in her career, Gail worked for Gannett Corp. as an editor and reporter for 15 years. Gail has a bachelor\u2019s degree in journalism from Pace University.\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/gail-kalinoski\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Zydeco Development Reels in $100M for Austin Portfolio - 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\/zydeco-development-reels-in-100m-for-austin-portfolio\/","og_locale":"en_US","og_type":"article","og_title":"Zydeco Development Reels in $100M for Austin Portfolio","og_description":"Amazon and Uber are among the tenants of the five-building collection of industrial and office assets.","og_url":"https:\/\/www.commercialsearch.com\/news\/zydeco-development-reels-in-100m-for-austin-portfolio\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2019-12-20T12:40:41+00:00","article_modified_time":"2019-12-20T15:39:00+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/MetCenter.jpg","type":"image\/jpeg"}],"author":"Gail Kalinoski","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\/zydeco-development-reels-in-100m-for-austin-portfolio\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/zydeco-development-reels-in-100m-for-austin-portfolio\/"},"author":{"name":"Gail Kalinoski","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57"},"headline":"Zydeco Development Reels in $100M for Austin Portfolio","datePublished":"2019-12-20T12:40:41+00:00","dateModified":"2019-12-20T15:39:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/zydeco-development-reels-in-100m-for-austin-portfolio\/"},"wordCount":516,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/zydeco-development-reels-in-100m-for-austin-portfolio\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/MetCenter.jpg","keywords":["Amazon","Boyd Messmann","JLL","Mohr Capital","Uber","Zydeco Development"],"articleSection":["Austin","Deals","Featured","Investment","News","Office"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/zydeco-development-reels-in-100m-for-austin-portfolio\/","url":"https:\/\/www.commercialsearch.com\/news\/zydeco-development-reels-in-100m-for-austin-portfolio\/","name":"Zydeco Development Reels in $100M for Austin Portfolio - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/zydeco-development-reels-in-100m-for-austin-portfolio\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/zydeco-development-reels-in-100m-for-austin-portfolio\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/MetCenter.jpg","datePublished":"2019-12-20T12:40:41+00:00","dateModified":"2019-12-20T15:39:00+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/zydeco-development-reels-in-100m-for-austin-portfolio\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/zydeco-development-reels-in-100m-for-austin-portfolio\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/zydeco-development-reels-in-100m-for-austin-portfolio\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/MetCenter.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/MetCenter.jpg","width":800,"height":620,"caption":"MetCenter. Image courtesy of Mohr Capital"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/zydeco-development-reels-in-100m-for-austin-portfolio\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Zydeco Development Reels in $100M for Austin Portfolio"}]},{"@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\/fc5b5df1393e5023d2417bd48c2fda57","name":"Gail Kalinoski","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86","caption":"Gail Kalinoski"},"description":"Kalinoski has been a contributing writer to Commercial Property Executive and Multi-Housing News since 2010 and previously wrote for three years for Commercial Property News. Gail has been a freelance writer and editor for more than 20 years, contributing to daily websites, magazines, weekly business newspapers, market intelligence newsletters, research reports, monthly B-to-B and consumer magazines. Earlier in her career, Gail worked for Gannett Corp. as an editor and reporter for 15 years. Gail has a bachelor\u2019s degree in journalism from Pace University.","url":"https:\/\/www.commercialsearch.com\/news\/author\/gail-kalinoski\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/MetCenter.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004377760","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\/1068"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004377760"}],"version-history":[{"count":3,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004377760\/revisions"}],"predecessor-version":[{"id":1004377940,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004377760\/revisions\/1004377940"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004377817"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004377760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004377760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004377760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}