Menlo Equities Buys, HFF Brokers

HFF has secured financing for 650,000 square feet of office space in Austin, Texas.

By Anca Gagiuc, Associate Editor

Amber Oaks Corporate Center
Amber Oaks Corporate Center, Austin

HFF recently arranged the sale of Amber Oaks Corporate Center, a 10-building, 650,000-square-foot office campus in Northwest Austin.

HFF marketed the asset on behalf of an undisclosed seller, and also represented the buyer, Menlo Equities. Moreover, HFF secured acquisition financing through a national bank. Terms of the sale are confidential.

Amber Oaks Corporate Center sits on 70 acres adjacent to Interstate 45 in Austin’s northwest submarket. US Highway 183, Parmer Lane, MoPac Expressway (Loop 1), Interstate 35, and State Highway 130 provide access to the property. Major corporate employers such as IBM, eBay, PayPal, Oracle, Charles Schwab and Polycom are in close proximity.

Currently Amber Oaks Corporate Center is 85 percent leased to tenants that include AECOM/URS Corp., Deloitte, Xerox, Endo Pharmaceuticals, Office Depot and Toshiba. The property features basketball and tennis courts, outdoor seating areas and an adjacent 120,000-square-foot Life Time Fitness facility.

Image courtesy of CBRE