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.