December 23, 2020
Cushman & Wakefield represented a client in its sale of 7000 West at Lantana, a two-building, 136,075-square-foot office complex in Southwest Austin. The Sunbelt Institutional Capital Markets team including Mike McDonald, Ryan Stevens and Celeste Fowden worked on the assignment.
Located at 7000 West William Cannon Drive, the office development is fully leased to AMD and Smith + Nephew, offering investment-grade credit and stabilized cash flow with durable income in a high-barrier Southwest Austin submarket.
“7000 West at Lantana is a first-generation office asset developed in 1999/2000 as part of the Lantana master plan,” said McDonald. “As the Southwest Parkway corridor has matured, these assets have evolved into semi-specialized buildings with significant R&D lab components. Investor and tenant demand, alike, remain strong for specialized office/lab product like 7000 West.”
For comments, questions or concerns, please contact Paul Bubny