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April 11, 2018  

Austin Offices Pitched With Upside

GLL Real Estate is showing two adjacent office buildings in suburban Austin that have below-market rents and significant lease rollover in a few years.The properties, called Las Cimas 2&3, encompass 314,000 square feet of space that’s 91% leased. They are expected to attract bids near $110 million, or $351/sf. GLL, a Munich fund manager, is marketing them as a package via HFF.The buildings, at 805-807 Las Cimas Parkway, have an average rent...

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