Somera Road Purchases 142,000 SF Office Property in Austin

AUSTIN, TEXAS — New York-based investment firm Somera Road Inc. has purchased a 142,000-square-foot, Class B office property located at 4000 S. IH 35 Frontage Road in Austin in an all-cash transaction. The property offers a café and a parking ratio of 7.5 spaces per 1,000 square feet. Beginning in the first quarter of 2018, Somera Road will undertake capital improvements to transform the property into a Class A asset.