Research Park Plaza V Sells for $42M in Northwest Austin
Research Park Plaza V, a 172,854 SF Class A office building at 12301 Research Blvd in Northwest Austin, sold for a reported $42 million.
Research Park Plaza V, a four-story Class A office building at 12301 Research Blvd in Austin's Northwest submarket, has sold for a reported $42 million, according to the Austin Business Journal. The 172,854-square-foot building, completed in 2015, is the final installment of the Research Park Plaza campus. Cousins Properties (NYSE: CUZ) was the seller; the buyer was not disclosed.
The building sits on 6.05 acres with 689 parking spaces, a 3.99 per 1,000 SF ratio. Amenities include a landscaped courtyard, modern lobby, lounge areas, and patio seating. W.E. O'Neil was the general contractor.
The property was 85 percent leased at sale. Tenants include Cadence Design Systems and Planview. JLL Capital Markets' Ryan Stevens, Drew Fuller, and Jeff Coddington represented Cousins.
The property fronts Research Boulevard, the US 183 frontage road, near Duval Road, with access to MoPac to the east.
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Project File
- Address
- 12301 Research Blvd, Austin, TX 78759
- Units
- 10
- Floors
- 4
- Height
- 90 ft
- Sq Ft
- 172,854
- Completion
- Dec 31, 2015
The Project File tracks every fact, change, company, and article we have on this development, completed as of our latest research.
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