Accounting Firm Buys Office Building

Accounting firm Atchley & Associates snagged a 14,800-square-foot office building at 1005 La Posada in Austin, complete with a sale-leaseback agreement with the Better Business Bureau, the seller. The transaction was handled by W. Gaines Bagby with CBRE.

The accounting firm relocated its 48 employees from 6850 Austin Center Blvd., and is currently occupying the building’s 6,000 square feet of event space. The BBB is still in the remaining space until its new space is completed. When the Better Business Bureau relocates in April, the accounting firm will have the entire building.

The new owner liked the event space, and will use it for employee training and special events. Atchley & Associates will also offer the space to non-profit companies for meetings. Additionally, the acquisition means the accounting firm can maintain costs for clients, as well as anticipating for staff growth, said Harold Ingersoll, a partner with the company.

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