27 Eleven, Austin

January 24, 2017 Comments Off on Paydar Beats Competitors for 27 Eleven Buy Views: 217 Austin, Texas News

Paydar Beats Competitors for 27 Eleven Buy

Paydar Properties Inc. shook off a competitive group of urban developers to snag 27 Eleven, a 2.7-acre parcel at 2711 W. Anderson Lane in Austin. Scott LaMontagne and Michael Gonzalez, with JLL’s Capital Markets Group, represented seller CSW Development in the sale.

The site currently holds a 28,021-square-foot office building that is leased by J.P. Morgan Chase. However, the sale means the land can be redeveloped into a mid-rise, multifamily mixed-use property in the near future. The sales price was undisclosed.

LaMontagne indicated that the transaction attracted developers, as it “was an excellent  opportunity to add a potential investment property within a growing area of the city. The property is in an active, walkable submarket, with tremendous upside, nearby amenities and access to major roads and an expressway.”

Connect with JLL’s LaMontagne

Connect with JLL’s Gonzalez

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