Foster says there's a lot of interest in that area, just east of Interstate 35 and close to Downtown Austin. He notes, that as a former restaurant, the Spanish-style building has twice the parking as comparably sized buildings. Foster, an investor and adviser to entrepreneurs, has listed the 11,200-sf building with Joseph Hoover Co.

Aperian, now called Fourthstage after a merger, is concentrating on providing information technology consulting services. Although the company has moved its headquarters to Fourthstage's base of Phoenix, the company will maintain business operations in Austin. It is moving to 8,000 sf in a building along Steck Avenue in north Austin. Colleen Ryan, Fourthstage's vice president of corporate communications and marketing, says the company is in negotiations to sell the data centers.

The East Seventh Street building had been Don Limon restaurant, which had been financed by the city of Austin under a controversial loan program. The city wrote off $360,000 (out of a $400,000 loan) when the restaurant filed for Chapter 7 bankruptcy in 1997. Foster bought the building in 1999 from a Dallas-based restaurant company.