St. Clair Commercial Realty (SCCR) has purchased seven buildings on Techni Center Drive totaling 211,000 square feet. SCCR intends the rebrand the park as the “Techni Center Business Park” and is underway with significant interior and exterior renovations. The park is centrally located with frontage on 183, with direct access to Downtown and the Airport. There is a range of units sizes ranging from 3,600 to 36,000 square feet with dock high and ground level loading and excess parking. All buildings are on separate parcels.
The acquisition was an off-market transaction procured by Ryan Wilson and Matt Fain with ECR. They have been retained to handle the leasing, and Live Oak has been retained for property management. Equity for the transaction was sourced by Ledo Capital Group, with debt provided by Wells Fargo Bank.
I am thrilled to be able to bring new life to the Techni Center buildings. This is a wonderful opportunity to add value and continue to work in the dynamic Austin industrial and flex markets. We are bullish on Austin and look forward to further acquisitions that will extend my over 11 years of doing business in Austin. SCCR is also actively purchasing properties in Dallas and San Antonio and has an expanding footprint in Texas.