BentallGreenOak Acquires 372763 SF Property At 4401 Freidrich Ln Austin With JLL And Newmark As Brokers

SouthPark Commerce Center is a four-building, 100% leased, 372,763-square-foot Class A industrial/flex park located at 4401 Freidrich Ln, Austin, TX, 78744, in the Austin market. The property features a 24-foot clear height and 36% office finish, built in 1998. It occupies a prime location at the southeast corner of Interstate 35, State Highway 71, and U.S. 290, within 10 miles of key demand drivers in the region, including Austin's CBD, Austin-Bergstrom International Airport, the University of Texas at Austin, and the Tesla GigaFactory.

Summary of transaction details:

• Property Type: Industrial/Flex
• Transaction Amount: Not disclosed
• Address: 4401 Freidrich Ln, Austin, TX, 78744
• Square Footage: 372,763
• Seller: KBS
• Buyer: BentallGreenOak
• Seller's Representatives: Josh Villarreal - JLL, Dustin Volz - Newmark
• Legal Counsel for Seller: Bruce Fischer, Howard Chu, Tina Ross, Amanda Kennedy - Greenberg Traurig, LLP

Senior Managing Directors Trent Agnew and Dustin Volz, along with Director Dom Espinoza and Analysts Josh Villareal and Wesley Gilmer from JLL Capital Markets, represented KBS in the transaction. The asset's strong leasing history and strategic location attracted notable interest from various buyers, including institutional advisors and private capital. Legal counsel for KBS was provided by attorneys from Greenberg Traurig, LLP, emphasizing their collaboration throughout the disposition process.