SoCo Park

"John W. Collins IV, along with Billy White of St. Croix Capital Realty Advisors, recently handled the sale of SoCo Park, about 41,500 square feet of offices and flex space just south of the historic Hill Cafe at 4930 S. Congress Ave., part of a wave of new development in the area."

Collins and White are marketing the property, which includes three buildings that currently are 50 percent leased, but with big potential.

“Renovations are now in the works,” Collins said.



"The location at the corner of Metric Boulevard and Braker Lane ... is in the heart of Austin's northward growth pattern," he says. "From a real estate perspective, it's exciting to see so many positive aspects in one location."

Westmount's renovation of the buildings included new signage, painting, landscaping, facade enhancements and HVAC replacement. Those upgrades helped win the property 15 leases accounting for 157,000 square feet of space, says David Alsmeyer, principal of TIG Real Estate Services, which leased the buildings and marketed them for sale. The larger tenants include Buffalo Technology Inc., BMC West (NYSE: BLG), SAIC Inc. (NYSE: SAI) and Fastenal Co. (Nasdaq: FAST).