AUSTIN, TX-Karlin Real Estate has acquired a vacant 301,644 square-foot corporate headquarters and manufacturing facility from Dell USA L.P. The buy marks the California-based firm’s entry into Texas.

“This is our first purchase in Texas, and we are looking at a number of different opportunities in the state,” says Matthew Schwab, managing director of Karlin Real Estate. “This one is a good one to start with as we’ve had our eye on Austin for a good period of time. We focus on markets where we think there is great job growth and great intellectual capital, which we see in Austin.”

Schwab declined to disclose the purchase price for the property, but noted that price will allow the firm to offer very competitive lease rates. “We bought the property at a basis that is going to give us the best chance to land a really quality tenant in the building,” he explains, telling GlobeSt.com that Karlin paid cash for the property after only a two-week due diligence period.