{"id":1004764366,"date":"2025-07-09T03:24:55","date_gmt":"2025-07-09T11:24:55","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004764366"},"modified":"2025-07-09T03:24:57","modified_gmt":"2025-07-09T11:24:57","slug":"buchanan-capital-buys-austin-office-campus","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/buchanan-capital-buys-austin-office-campus\/","title":{"rendered":"Buchanan Capital Buys Austin Office Campus"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/Escalade-Office-Park.-Image-courtesy-of-Yardi-Research-Data-edited.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"480\" data-attachment-id=\"1004764409\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/escalade-office-park-image-courtesy-of-yardi-research-data-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/Escalade-Office-Park.-Image-courtesy-of-Yardi-Research-Data-edited.jpg\" data-orig-size=\"640,480\" data-comments-opened=\"0\" 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;\\u00a9 Yardi Systems, Inc.&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=\"Escalade Office Park. Image courtesy of Yardi Research Data\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Completed in 1985, the two-building campus is 6 miles from downtown Austin. Image courtesy of Yardi Research Data&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/Escalade-Office-Park.-Image-courtesy-of-Yardi-Research-Data-edited.jpg?w=640\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/Escalade-Office-Park.-Image-courtesy-of-Yardi-Research-Data-edited.jpg\" alt=\"Exterior shot of Escalade Office Park, a two-building campus in Austin, Texas. Several cars and trees surrounding the building are visible in the frame\" class=\"wp-image-1004764409\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/Escalade-Office-Park.-Image-courtesy-of-Yardi-Research-Data-edited.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/Escalade-Office-Park.-Image-courtesy-of-Yardi-Research-Data-edited.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><figcaption class=\"wp-element-caption\">Completed in 1985, the two-building campus is 6 miles from downtown Austin. <em>Image courtesy of Yardi Research Data<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Buchanan Capital Partners has acquired The Escalade Office Park, a 116,434-square-foot, two-building office campus in Austin, Texas. The company will rebrand the property as Westbank Pointe. Transwestern will continue to lead the leasing and management efforts.<\/p>\n\n\n\n<p>Wedge previously owned the asset, according to Yardi Research Data. The firm acquired the campus in November 2016 from TA Realty using a $16.4 million loan.<\/p>\n\n\n\n<p>Built in 1985 and renovated in 2010, the property is at 4301 Westbank Drive, within the Westlake suburb, and 6 miles from downtown Austin. The Austin-Bergstrom International Airport is some 13 miles southeast.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/cre-executives-less-optimistic\/\">CRE Executives Less Optimistic<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>The three-story buildings have floorplates ranging from 4,533 to 21,754 square feet. The LEED-certified property also has more than 370 parking spaces and four passenger elevators. Buchanan Capital Partners plans to invest $1 million in cosmetic improvements to the building\u2019s lobby and common areas, which are scheduled for completion by the end of the year.<\/p>\n\n\n\n<p>Austin\u2019s office investment volume year-to-date as of May clocked in at $257 million, with assets trading for $221 per square foot on average, according to the latest <a href=\"https:\/\/www.commercialsearch.com\/news\/yardi-matrix-june-office-report\/\">Yardi Matrix office report<\/a>. The metro also recorded the second-highest vacancy rate nationally, clocking in at 26.7 percent, up 340 basis points over a 12-month period.<\/p>\n\n\n\n<p>In May, <a href=\"https:\/\/www.commercialsearch.com\/news\/city-of-austin-pays-26m-for-office-asset\/\">The City of Austin purchased <\/a>University Park, a\u00a0206,657-square-foot office building\u00a0located within the city. Lionstone Investments sold the asset for $26 million in a JLL-brokered deal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new ownership will invest $1 million in cosmetic renovations.<\/p>\n","protected":false},"author":3355,"featured_media":1004764409,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21783,21742,21747,51973],"tags":[40444,50857,40318],"class_list":["post-1004764366","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-austin","category-investment","category-latest","category-office","category-southwest","tag-buchanan-partners","tag-transwestern-real-estate-services","tag-wedge-commercial-properties"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Buchanan Capital Buys Austin Office Campus - 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