KKR to sell Austin office campus for $300m

KKR has agreed to sell Riata Corporate Park to a global institutional investor in a deal valued at more than $300 million.

Riata Corporate Park is an eight-building, 688,100-square-foot, class A office campus located in the Austin Technology Corridor in northwest Austin. The campus is located near The Domain, Austin’s premiere mixed-use retail and entertainment hub. The property is 100 percent leased and occupied by a high-quality tenant group that includes publicly traded companies along with a mix of technology, financial services and healthcare businesses.

Since purchasing Riata in December 2019 through its Americas opportunistic real estate strategy together with Endeavor Real Estate Group, KKR has substantially upgraded the property’s fitness center, café, landscaping, outdoor amenities and other features. KKR and Endeavour also completed significant deferred maintenance.

“Our long-term focus on high-quality properties in great locations within attra