Drawbridge Reality Trust Pays $42.5 Million for Overwatch Campus

Jul 10, 2014

Drawbridge Realty Trust, a San Francisco-based privately held commercial real estate investment and development company, acquired the 170,357-square-foot office building at 5301 Southwest Pky. in Austin, TX from CBRE Global Investors for $42.5 million, or about $250 per Square foot

The Class A office building was built in 2007 and is the corporate headquarters for Overwatch Systems LTD, an operating unit of Textron. The space offers 360 covered parking spaces and an additional 17 surface parking spaces. The building sits on 48 acres and could support an additional 120,000 square feet of office space 

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