KBS has sold SouthPark Commerce Center, a four-building, 100 percent leased, 372,763-square-foot class A industrial/flex park in Austin, to BentallGreenOak on behalf of an institutional investor.
“Austin is a high-growth, burgeoning industrial market that has continually led the nation in economic and population growth over the last decade and throughout the pandemic,” said Giovanni Cordoves, Western regional president for KBS. “KBS recognized this early on, initially acquiring the property in 2005.”
The Austin market attracts major tech companies such as Apple, Amazon, Facebook, Google, Oracle and Tesla, further contributing to this ongoing growth and making it increasingly appealing to investors, noted Cordoves.
“Due to our expertise in the Austin office market, we have a hyperlocal pulse on this region,” said Cordoves. “This insight led us to acquire premier office assets 515 Congress and Domain Gateway as well as Sout
