Austin’s office market saw several notable transactions in 2025, with five major sales totaling over 1.4 million square feet of space. These deals demonstrate continued investor confidence in the market.
Read Next: 2025 Recap: 5 Largest Austin Office Leases
Notable buyers included institutional investors, local government, and private real estate firms, with properties spread across key submarkets including Central, Southwest, Northeast, and East Austin.
1. Encino Trace I and II
Photo courtesy of CoStar.
Size: 326,852 square feet
Address: 5707 Southwest Parkway
Submarket: Southwest
Oakpoint Real Estate and Ocean Partners purchased Encino Trace I and II from Starwood Capital Group in 3Q 2025. According to the Austin Business Journal, Encino Trace was 86.9% leased at the time of sale.
2. Chase Park (Buildings 1-5)
Photo courtesy of CoStar.
Size: 313,988 square feet
Address: 7600 Chevy Chase Drive
Submarket: Central
Crain Investments LP purchased Chase Park Buildings 1, 2, 3, 4, and 5 from Omninet Capital in 3Q 2025.
Read Next: Austin’s 5 Largest Industrial Building Sales of 2025
3. Cielo Center I, II, and III
Size: 286,106 square feet
Address: 1250 S. Capital of Texas Highway
Submarket: Southwest
A joint venture between Serpa Partners and AQUILA Commercial acquired Cielo Center from Starwood Capital Group in 4Q 2025. Renovations are planned to improve tenant experience by enhancing interior common areas and outdoor amenity spaces.
4. 6500 Tracor Lane, Buildings 27 and 28
Size: 274,278 square feet
Address: 6500 Tracor Lane
Submarket: East
The City of Austin purchased 6500 Tracor Lane, Buildings 27 and 28, from Karlin Real Estate in 3Q 2025. This was part of a larger acquisition that included a total of 11 buildings across a 142-acre tract, including office, warehouse, storage, and parking space. The total square footage across all space types totaled 2.4 million square feet.
According to Community Impact, the property will be used as a service hub for Austin Water, but could be redeveloped in the future.
5. Northview Business Center
Photo courtesy of CoStar.
Size: 261,546
Address: 9001 N. I-35
Submarket: Northeast
Central Health purchased Northview Business Center from Northview Owner LLC in 4Q 2025. According to the Austin Business Journal, “the property will be used for adult and pediatric clinical office space as well as clinical support, according to agenda documents.”
Conclusion
While these are the largest sales, several other large deals were transacted throughout the year, including The Crossings at Lakeline (Buildings 1 and 2), Four Barton Skyway, University Park, and more.
If you are looking for more information about the Austin market, contact us today. Or, download our latest Austin Office Market Report.
The content of this article is sourced from various channels, including CoStar, online resources, and real estate professionals. Although considerable measures have been taken to verify the accuracy of the presented information, AQUILA does not guarantee the reliability of the provided data.
