CBRE ARRANGES SALE OF NORTH AUSTIN OFFICE PORTFOLIO

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AUSTIN, TEXAS — CBRE has negotiated the sale of the Continental Building at 9101 Burnet Road and the Briarcroft Building at 12710 Research Blvd. in Austin for an undisclosed price. The Continental Building is a 58,700-square-foot, Class B office property located in the North Central Austin submarket. The building sits within the boundaries of the City of Austin’s North Burnet/Gateway Master Plan, which includes improvements and rezoning for restaurants, transportation and other mixed-use enhancements. The property was 85 percent occupied at the time of close. The Briarcroft Building is a 63,825-square-foot Class B office property situated in the center of Austin’s technology corridor in the Northwest submarket. The space was 85 percent occupied at the time of close. Walter Saad and Cathy Nabours of CBRE Austin represented the seller, Kennedy Wilson. Luke Wood of Haverwood Management represented the buyer, OakPoint.

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