Endeavor Real Estate Group Acquires Plaza On The Lake Office Building In Austin | 5000 Plaza on the Lake | Robert Hill, Gary Carr, Chris Murphy | Office | Sale

Summary

Sale

TEXAS

Office

120,798 sqft

The Plaza on the Lake, a 120,798-square-foot office building in Austin, Texas, was recently acquired by Endeavor Real Estate Group from a joint venture between IPERS and Clarion Partners. The property, located at 5000 Plaza on the Lake in Southwest Austin, features amenities such as outdoor spaces, a gym, and paddle board/kayak storage.

Summary of transaction details:

Property Type: Office
Transaction Amount: Not Disclosed
Acres: 4.5
Buyer: Kirk Rudy - Endeavor Real Estate Group
Seller: Gregory Samorajski - IPERS; David Gilbert - Clarion Partners
Brokers: Chris Murphy, Gary Carr & Robert Hill - Newmark

Endeavor Real Estate Group, represented by Kirk Rudy, successfully closed the deal for Plaza on the Lake in Austin. The transaction was facilitated by Newmark, with brokers Chris Murphy, Gary Carr, and Robert Hill managing the sale on behalf of the sellers, IPERS and Clarion Partners.

Players

All
4

Agents
3
Agencies
1

Details

Deal Summary

SOLD

IMAGE: Kirk Rudy, Gregory Samorajski,, David Gilbert, Chris Murphy, Gary Carr & Robert Hill DATE: 04/11/2024 ADDRESS: 5000 Plaza on the Lake MARKET: Austin ASSET TYPE: Office ~ SF: 120,798 ~ ACRES: 4.5 BUYER: Kirk Rudy - Endeavor Real Estate Group (@Endeavor_RE) SELLER: Gregory Samorajski - IPERS; David Gilbert - Clarion Partners BROKERS: Chris Murphy, Gary Carr & Robert Hill - Newmark (@Newmark) NOTE: Endeavor Real Estate Group has acquired Plaza on the Lake, a 120,798-square-foot office building in Austin, Texas, from a joint venture between IPERS and Clarion Partners. The property, previously traded in 2014 for $36.9 million, underwent a $5 million capital improvement plan in 2021 and features amenities such as outdoor spaces, a gym, and paddle board/kayak storage, located at 5000 Plaza on the Lake in Southwest Austin. Newmark facilitated the transaction on behalf of the seller.

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Address5000 Plaza on the Lake

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