SouthTech Center Now at 97% Occupancy
Mar 14, 2014
KBS Realty Advisors has facilitated the signing of 142,763 square-feet in leases at its SouthTech Business Center, a 260,112-square-foot light industrial and office/flex property in the Southeast submarket of Austin. The property currently is 97% occupied
Among the leases signed at SouthTech Center are a 58,659-square-foot renewal with New Era Publishing; 35,070 square-feet in lease renewals and expansions with JSI Shipping; a 15,723-square-foot renewal with Biocell, LP; a 12,316 square-foot expansion and extension with furniture store Collectic Home; a 7,450-square-foot renewal with Earthcore Industries; a 7,350-square-foot renewal with elevator company Kone; and a 6,195-square-foot renewal with CompuData Products
The center consists of four class-A flex buildings located at 2101 East St. Elmo Rd.
“SouthTech Business Center offers great location and accessibility to executive housing in Barton Creek, Westlake Hills and Tarrytown, as well as to the Austin-Bergstrom International Airport, I-35 and U.S. Highway 71,” said KBS senior VP/ssset manager Gio Cordoves
KBS-affiliated companies own other Austin-area assets including the three-office-property Austin Suburban Portfolio totaling 517,974 square feet; South Park Commerce Center, a 372,763-square-foot office/warehouse property; and Domain Gateway, a 173,962-square-foot mixed-use development
KBS Realty Advisors, Newport Beach, CA, is a private equity real estate company and SEC-registered investment advisor founded in 1992