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If you’re not yet in the camp that believes commercial real estate investors are starting to shop for more properties in the nation’s heartland, comes word that Thomas Properties Group, one of Austin, Texas' biggest office landlords, has put the Research Park Plaza I and II office complex on the sales block.
The 272,000-sq.-ft., two-building project, located in the booming research corridor of suburban Northwest Austin, is just the sort of property that is now appealing to more institutional investors. Built in 1999, it is 93% leased. Charles Schwab is the anchor tenant, occupying 166,000 sq. ft. It is being marketed by CB Richard Ellis.
