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| Research Park, Northwest Austin, TX |
DALLAS, TX – JLL announced it has closed the sale of Research Park, a 1.11 million-square-foot office and industrial development as well as 94.8 acres of undeveloped land in northwest Austin, Texas.
JLL marketed the property on behalf of the seller, Equity Commonwealth. Parmer Innovation Centers, an affiliate of Los Angeles-based Karlin Real Estate, purchased the assets.
Originally part of a 466-acre tract owned by Texas Instruments, Research Park comprises 1.05 million square feet of manufacturing space that is leased to a subsidiary of Flex, Ltd., the third largest global electronics manufacturing services company.
Research Park is positioned on 188 acres off US 183 at 12455 and 12515 Research Boulevard in the in the heart of the Northwest Austin technology triangle, the birthplace of “Silicon Hills.”
Contacts:
Andrew Levy, JLL Senior Managing Director
Texas License No: 0413696
Phone: +1 214 265 0880
Email: andrew.levy@am.jll.com
Kelsey Roop Shebay, JLL Managing Director
Texas License No: 696391
Phone: +1 512 532 1900
Kimberly Steele, JLL Digital Content/PR Specialist
Phone: +1 713 852 3420
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