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Tract's Remediation Clears Hurdles for Sale

AUSTIN-Texas Electric Cooperative sells 7.78 acres with two office buildings to Bryan Hardeman, owner of Mercedes-Benz and Honda dealerships in Austin. In December 2001, the owner got clearance to sell after PCB clean-up passed muster.

By Tim Green | Updated on April 25, 2002

AUSTIN-An Austin auto dealer has bought a corner parcel in north central Austin, where he may put a dealership. Bryan Hardeman, who owns Mercedes-Benz and Honda dealerships in Austin, purchased the 7.78-acre site, which contains two buildings.

Hardeman isn’t in a hurry to sell cars on the property, though. Tenants in the site’s 38,000-sf office building have leases signed for the next year, Jack Weiss, a Quick & Co. broker who represented Hardeman, says. The property also has a 5,000-sf metal building. Jerry Heare of NAI/Commercial Industrial Properties Co. represented the seller, Texas Electric Cooperative Inc. The price was not disclosed, but the appraised market value was $3.9 million.

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