Endeavor Relinquishes Rollingwood Center Ownership

Following development and lease-up of Rollingwood Center I and II, Endeavor Real Estate Group sold the twin buildings in Austin’s near northwest submarket. Lionstone Investments acquired the Class A office property at 2500 Bee Caves Rd. for an undisclosed price. The Travis Central Appraisal District valued the asset at $73.7 million.

Endeavor, which developed and brought the buildings online in 2015, leased the space to tenants including EZ Corp, Inc., Kinnser Software, Inc., Marsh & McLennan Agency, LLC, Heritage Title Company of Austin, Inc., Independence Title, and Barnes Lipscomb Stewart & Ott.

HFF represented the seller, and secured a 15-year, fixed-rate acquisition loan through Lincoln Financial Group.

According to the Austin American-Statesman, Endeavor is ready to break ground on a third Rollingwood Center building during Q1 2018. The 121,541-square-foot building is already 100% leased.

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