{"id":1004564592,"date":"2022-01-25T04:20:48","date_gmt":"2022-01-25T12:20:48","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004564592"},"modified":"2022-12-08T14:25:24","modified_gmt":"2022-12-08T22:25:24","slug":"walton-street-capital-buys-austin-office-campus","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/walton-street-capital-buys-austin-office-campus\/","title":{"rendered":"Walton Street Capital Acquires Austin Office Campus"},"content":{"rendered":"
\"\"<\/a>

Eastlake at Tillery – Building One. Image courtesy of Walton Street Capital<\/p><\/div>\n

Walton Street Capital<\/strong> has acquired Eastlake at Tillery, a two-building Class A office park totaling 176,696 square feet in Austin, through a newly created partnership with Cypress Real Estate Advisors<\/strong>.<\/p>\n

Delineate Studio<\/strong> designed the LEED-certified asset, which was delivered in early 2021. In December 2019, First United Bank<\/strong> and<\/strong> Trust Co.<\/strong> provided a $44 million loan for the development of the multi-tenant office campus, CommercialEdge data shows.<\/p>\n

Last July, Skyworks Solutions Inc.<\/strong> signed a full-building lease occupying the nearly 100,000-square-foot Eastlake at Tillery \u2013 Building Two in the East Austin submarket. Months later, Canva<\/strong> joined the tenant base<\/a> moving into Building One through a 36,932-square-foot lease. At the time of the sale, the property was 77 percent leased.<\/p>\n

Despite nearly 300,000 square feet of positive net absorption as of the fourth quarter of 2021, heavy new supply put pressure on vacancy rates in East Austin. Vacancy remained high in the submarket, at 36.8 percent, well above the metro’s 16.4 percent average, JLL data shows. Developers in East Austin continue to be active, with 833,461 square feet of office space underway. The submarket has one of the largest pipelines, coming in second just after the metro’s CBD, where projects under development total 1.9 million square feet.<\/p>\n

The two-building office campus<\/h2>\n

Located at 3212 E. Cesar Chavez St., the office campus features floorplates between 25,190 and 32,000 square feet and includes a structured parking garage offering a parking ratio of 3.3 spaces per 1,000 square feet. The three-story property, surrounded by green spaces with native trees and seating areas, offers a fitness center, bike storage, cafe, conference room and a Work & Mother suite available to all tenants, among others.<\/p>\n

Eastlake at Tillery is within 4 miles of downtown Austin. The property is some 2 miles away from Interstate 35 and within walking distance of several public transit options.<\/p>\n","protected":false},"excerpt":{"rendered":"

Skyworks Solutions Inc. anchors the Class A asset delivered in 2021. <\/p>\n","protected":false},"author":1763,"featured_media":1004564593,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,22251,21783,21742,21747],"tags":[44186,44192,37674],"class_list":["post-1004564592","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-austin","category-in-focus","category-investment","category-latest","category-office","tag-cypress-real-estate-advisors","tag-delineate-studios","tag-walton-street-capital"],"acf":[],"yoast_head":"\nWalton Street Capital Acquires Austin Office Campus - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Skyworks Solutions Inc. anchors Eastlake at Tillery, a Class A asset totaling 176,696 square feet in the East Austin submarket.\" \/>\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\/walton-street-capital-buys-austin-office-campus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Walton Street Capital Acquires Austin Office Campus\" \/>\n<meta property=\"og:description\" content=\"Skyworks Solutions Inc. anchors Eastlake at Tillery, a Class A asset totaling 176,696 square feet in the East Austin submarket.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/walton-street-capital-buys-austin-office-campus\/\" \/>\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=\"2022-01-25T12:20:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T22:25:24+00:00\" \/>\n<meta name=\"author\" content=\"Agota Felhazi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/Eastlake_at_Tillery_-_Building_One_1-e1643108653435.jpg\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/walton-street-capital-buys-austin-office-campus\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/walton-street-capital-buys-austin-office-campus\/\",\"name\":\"Walton Street Capital Acquires Austin Office Campus - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/walton-street-capital-buys-austin-office-campus\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/walton-street-capital-buys-austin-office-campus\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/Eastlake_at_Tillery_-_Building_One_1-e1643108653435.jpg\",\"datePublished\":\"2022-01-25T12:20:48+00:00\",\"dateModified\":\"2022-12-08T22:25:24+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/bd1ef74130b86a7c6013eaa04b08b28d\"},\"description\":\"Skyworks Solutions Inc. anchors Eastlake at Tillery, a Class A asset totaling 176,696 square feet in the East Austin submarket.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/walton-street-capital-buys-austin-office-campus\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/walton-street-capital-buys-austin-office-campus\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/walton-street-capital-buys-austin-office-campus\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/Eastlake_at_Tillery_-_Building_One_1-e1643108653435.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/Eastlake_at_Tillery_-_Building_One_1-e1643108653435.jpg\",\"width\":1677,\"height\":1257,\"caption\":\"Eastlake at Tillery - Building One. 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