Office

AUSTIN, TEXAS — Marcus & Millichap has brokered the sale of The Jefferson, a 97,552-square-foot office building in Austin. The property is occupied by healthcare and other professional tenants including Seton Healthcare, which leases 24 percent of the facility, and Austin Radiological Association, which leases 14 percent of the facility. Located at 1600 W. 38th St., the building is in proximity to three area hospitals, including Seton Medical Center, Seton Shoal Creek Hospital and Heart Hospital. John Smelter of Marcus & Millichap represented the seller, Velocis Jefferson LP. Healthcare Realty Trust Inc. purchased the asset at a cap rate of approximately 7 percent.

SAN ANTONIO — USAA Real Estate Co. and development partner Patrinely Group LLC have broken ground on WestRidge One at La Cantera, a 128,000-square-foot office building in northwest San Antonio. The Class A facility, designed for LEED Silver certification, is slated for completion in the fourth quarter of this year. Crimson Services LLC will oversee leasing and property management at the property, while Travis Commercial Real Estate serves as local listing broker. USAA Real Estate Co. is the master developer of the larger La Cantera complex, which includes a 500-room resort, The Shops at La Cantera retail facility and a planned multifamily property, The Residences at La Cantera.

FARMERS BRANCH, TEXAS — Boxer Property has acquired The Centre, an 817,000-square-foot office complex in the northern Dallas suburb of Farmers Branch. Comprised of 11 buildings, the property is located at the corner of Alpha and Midway roads, in close proximity to the Lyndon B. Johnson Freeway. The campus includes a lake and fitness center and is within walking distance of an upscale hotel. Houston-based Boxer plans to redevelop portions of the complex by incorporating its open Workstyle office designs.