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KBS sells Stonebridge Plaza I & II in Austin
Real Estate - SEPTEMBER 4, 2018

KBS sells Stonebridge Plaza I & II in Austin

by Released

KBS has sold Stonebridge Plaza I & II, a two-building, class A office property located at 9600 and 9606 North MoPac Expressway in Austin.

The 388,024-square-foot property was acquired by Intercontinental Real Estate Corp. on behalf of its managed fund, U.S. Real Estate Investment Fund.

KBS Realty Advisors originally acquired Stonebridge Plaza I & II in August 2016.

Stonebridge Plaza I & II are both nine-story office towers situated on an elevated 5.1-acre site, offering unobstructed views of the Domain and downtown Austin. The LEED-certified properties are adjoined by a seven-story parking garage.

In addition, KBS renovated Stonebridge Plaza I & II to include a new outdoor space and updated facilities. The property is fully leased.

“KBS’ investment at Stonebridge Plaza I & II has been highly successful due to the strength of Austin’s leasing market,” said Gio Cordoves, KBS senior vice president. “The office property and its location have continued to be highly desirable.”

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