Menlo Equities represented by HFF in 650,000-square-foot office acquisition in Austin, Texas
DALLAS, TX – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of and secured financing for Amber Oaks Corporate Center, a 10-building, 650,000-square-foot corporate office campus in Austin, Texas.
HFF marketed the campus on behalf of the seller, and represented Menlo Equities as the purchaser of Amber Oaks for an undisclosed amount. Additionally, Menlo Equities was assisted by HFF in securing financing through a national bank.
Amber Oaks Corporate Center is situated on a 70-acre site adjacent to Interstate 45 in the northwest submarket of Austin. This location has easy access to major thoroughfares including US Highway 183, Parmer Lane, MoPac Expressway (Loop 1), Interstate 35 and State Highway 130. These roadways connect the property to the rapidly growing residential areas of Cedar Park and Round Rock as well as downtown Austin, approximately 13 miles to the south. Additionally, the property is within close proximity to many of Austin’s largest corporate employers such as IBM, Ebay, PayPal, Oracle, Charles Schwab and Polycom. Amber Oaks Corporate Center is 85 percent leased to tenants including AECOM/URS Corporation, 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.
About Menlo Equities
Founded in 1994 by Henry Bullock and Rick Holmstrom and headquartered in Palo Alto, California, Menlo Equities is a vertically integrated commercial real estate company that specializes in the acquisition, development and operation of technology-oriented real estate in technology-driven economies in the western United States. Since its founding, Menlo Equities has acquired or developed approximately $5 billion in assets comprising more than 100 separate transactions. Menlo continues to be an active buyer and is seeking additional acquisition opportunities. For more information, please visit www.menloequities.com.
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.