DivcoWest expands Austin creative office portfolio with South Austin buy

AUSTIN, Texas - Aug. 23, 2021 - PRLog -- DivcoWest has completed the purchase of Bouldin Creek, a newly constructed, 170,000 square foot Class A boutique office building in one of Austin's most sought-after and vibrant neighborhoods at the intersection of South Lamar and W. Oltorf.

Completed in February, Bouldin Creek is a state-of-the-art five-story building that features 50,000 square-foot flexible floorplates with tremendous views of downtown Austin. Multiple outdoor terraces and a rooftop deck allow tenants the ability to bring work inside out for al fresco meetings, social gatherings, or simply for some R&R space. The property also features numerous outdoor amenities and areas for entertaining as well as a standalone café building.

"We have long believed in Austin as a center of innovation and creativity and are delighted to add to our portfolio in the city. High quality office assets with a focus on health, wellness and productivity, like Bouldin Creek, are seeing the strongest leasing tailwinds in the market today and are among the best positioned assets for future growth," said Michael Provost, DivcoWest's head of investments for the Southwest region.

For employees that value the outdoors and health and wellness, the LEED Gold Certified property is surrounded by two acres of green space covered with shade trees, running/walking trails and access to a natural creek. It also has a Walk Score of 83 being within easy walking distance of world class restaurants, eclectic shops, arts and entertainment venues and quality for-sale and rental housing in Austin's trendy Bouldin Creek neighborhood. The building's BikeScore is 93 and is a quick 1.2 mile ride from downtown.

In addition, Bouldin Creek is an amenity-rich property that offers a fitness center, private lockers and shower facilities, bike storage, plentiful parking with a 3.85/1000 parking ratio and EV charging stations. The building also delivers an abundance of natural light with its floor-to-ceiling windows and brings inspiration to those within with its locally painted murals in its interiors.

About DivcoWest

Founded in 1993 by Stuart Shiff, DivcoWest is a vertically-integrated, real estate investment firm headquartered in San Francisco, with offices in New York, Boston, Washington DC, Los Angeles, Menlo Park, and Austin, TX. Known for long-standing relationships and experience across the risk-spectrum in innovation markets, DivcoWest combines entrepreneurial spirit with an institutional approach to deliver real estate solutions and opportunities. Since inception, DivcoWest and its predecessor have acquired nearly 50 million square feet of commercial space - primarily throughout the United States. DivcoWest's real estate portfolio currently includes existing and development properties in the office, R&D, lab, industrial, hospitality, retail and multifamily spaces. www.divcowest.com