AUSTIN--HFF has closed the sale of and secured financing for Amber Oaks Corporate Center, a 10-building, 650,000-square-foot corporate office campus in Austin.
HFF marketed the campus on behalf of the seller, and represented Menlo Equities as the purchaser of Amber Oaks for an undisclosed amount. Additionally, Menlo Equities was assisted by HFF in securing financing through a national bank.
HFF did not respond to a request for additional comments by press time.
Amber Oaks Corporate Center is situated on a 70-acre site adjacent to Interstate 45 in the northwest submarket of Austin. This location has easy access to major thoroughfares including US Highway 183, Parmer Lane, MoPac Expressway (Loop 1), Interstate 35 and State Highway 130. The roadways connect the property to the rapidly growing residential areas of Cedar Park and Round Rock as well as downtown Austin, approximately 13 miles to the south.
Additionally, the property is within close proximity to many of Austin's largest corporate employers such as IBM, Ebay, PayPal, Oracle, Charles Schwab and Polycom. Amber Oaks Corporate Center is 85 percent leased to tenants including AECOM/URS Corp., Deloitte, Xerox, Endo Pharmaceuticals, Office Depot and Toshiba. The property features basketball and tennis courts, outdoor seating areas and an adjacent 120,000-square-foot Life Time Fitness facility.
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