Mohr Capital has acquired 404,800 square feet in office space from Zydeco Development for $100 million in Austin, the company announced in a press release.
The five-building portfolio currently leases one building to Amazon.com Inc. and Uber Advanced Technologies. The four other buildings are occupied by various technology, health-care and government tenants, Mohr said.
"Mohr Capital is very pleased to acquire this Class A, newly constructed office and industrial portfolio with a strong and diverse tenant roster," Bob Mohr, founder and chairman of Mohr Capital, said in the press release.
Boyd Messman, an acquisitions consultant for Mohr Capital, said the portfolio provided easy access to both highways and the airport.
"The park provides tenants with high-quality office and industrial space options at a significant discount to CBD occupancy cost and substantial existing infrastructure," Messman said in the news release. "This includes two on-site substations, with separate power sources for redundant power and underground telecom infrastructure with multiple carriers."
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