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Health Care Co. Buys 15,000 SF Koppel Building

AUSTIN-Hospital Housekeeping Systems Inc. intends to occupy the historic downtown Austin building as its new headquarters. Owner-occupied deals continue to bouy building sales, bringing a rare ray of hope to the struggling Austin market.

By Tim Green | Updated on July 18, 2002

AUSTIN-A historic downtown Austin building is purchased by Hospital Housekeeping Systems Inc., a supplier of maintenance services to hospitals and other health-care facilities. HHS bought the 15,000 sf Koppel Building, erected in 1888, from David and Dealey Herndon. HHS intends to move its headquarters from Largo, FL to the new purchase, located on the corner of Congress Ave. and Fourth St., according to an insider with the transaction.

Jeff Coddington and Graham Turney of Colliers International represented the Herndons and Robert Crain of Robert Crain & Associates Realtors represented HHS.

While the purchase price was not disclosed, the assessed market value of the building was $1.3 million, according to the Travis Central Appraisal District.

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