Newly developed in 2015, the LEED Gold-certified buildings appeal to tenants seeking an environmentally conscious image
The buildings feature best-in-class interior and exterior improvements with a well-landscaped site and walking trails
Prominently situated atop a hill at the intersection of Loop 360 and R.M. 2222, in the Texas Hill Country, just north of Lake Austin
Loop 360 corridor is Austin’s most desirable suburban office market, with immediate proximity to executive and workforce housing, and home to some of the city’s largest technology and professional service tenants
The area’s extremely high environmental restrictions, with extensive nature preserves and low-density requirementswill serve to limit new development and maintain the setting of the property
BUSINESS PLAN
The buildings are 100% leased and serve as the headquarters for Indeed.com, a wholly owned subsidiary of Recruit Holdings Co. Ltd. (A- credit rating by S&P)
Property was acquired at an attractive unlevered yield providing stable, reliable cash flow for our core plus strategy
