Currently 97% leased, the Property features a diverse rent roll spread out across various industries including finance, insurance, medical and research. With no tenant comprising more than 6.5% of the total NRA, the Property features an extremely balanced rollover schedule and minimal event risk as no more than 30% of the NRA expires during any one year. As tenant leases expire, investors have an opportunity to drive NOI through mark-to-market opportunities as leases are 19% below market in a market which has seen rental rate growth of 26% over the last five years.
- Jones Lang LaSalle (“JLL”) has been exclusively retained by the Owner to offer qualified investors the opportunity
- to purchase Barton Creek Plaza I-III (the “Property”), a three-building Class A office park totaling 205,705 square feet in Southwest Austin.