7110 E Ben White

Challenge

• ECR was hired to solve Chameleon’s new warehouse need in Austin, TX.
• The client was in need of attention and ECR’s initial goal was to assist in locating the perfect asset for the intended use.
• When ECR was engaged, Chameleon was in search of 5,000-10,000 square feet of warehouse space; an extremely limited, and highly sought-after, product type in the Austin area.

Strategy

• ECR and Chameleon worked together to create a clear and accurate schedule, pricing, and strategy for locating the correct property.
• Throughout the planning effort, ECR researched and prepared reports on all recent comparable sales transactions as well as similar properties that were on the market at that time.
• Once availability was established and the subject property identified, ECR created an aggressive campaign designed to obtain the optimal pricing for the client.
• This plan was immediately implemented as ECR approached sellers’ representatives and the property was under contract within 2 weeks of beginning negotiations.

Results

• ECR successfully represented the purchase of 7110 E Ben White Blvd; two 15,000 SF office/warehouse buildings situated on 5.84 acres located on East Ben White Boulevard in Austin, Texas.
• Following the acquisition, ECR was hired to lead leasing efforts, and within 1 year ECR was able to fully stabilize property through effectuating 2 separate 15,000 SF leases to national credit tenants.
• ECR attributes this success to Chameleon and their ability to be extremely responsive and decisive after all information was presented.