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Austin Office Park Trades to Buchanan Capital
Buchanan Capital Partners acquired The Escalada Office Park in Westlake. Now called Westbank Pointe, it’s currently 70% occupied. Buchanan is planning upgrades for the 116,434-square-foot office park, which was built in 1985.
The property, located along Loop 360 at 4301 Westbank Drive, was sold by Wedge Properties, which bought it in 2016.
The Austin Business Journal reports Westbank Pointe has four open spaces available for lease. They range from 4,533 square feet to 21,754 square feet, with the largest space being a full floor. Transwestern Real Estate Services’ Brandon Lester and Connor Atchley have led leasing services at the property for the past 15 years and will continue to do so. Current tenants are a mix of professional services such as law firms, banks, engineering firms and title companies.
Buchanan purchased a 196,000-square-foot industrial property in Hutto and a South Austin office building last summer, intending to transform them into medical condos.
- ◦Sale/Acquisition
