Florida Investor Makes Second Huge Investment in Austin

Accesso Partners LLC is making a clear statement in the Austin real estate market.

They’re here, and they’re going to be a serious player.

The Florida-based real estate firm just finalized its second Austin acquisition Monday, buying 7700 Parmer Lane for an estimated $200 million, reported the Austin Business Journal. The investor isn’t revealing the full financial details, but Williamson Central Appraisal District records value the far-north Austin property at about $159 million in five parcels, according to the business journal.

Accesso arrived in Austin in June, when it purchased Riata Corporate Park, a 688,400-square-foot office complex, according to a press release from the company. The company was interested in investing in the city dur to the growing tech sector in Austin.

““We’ve been looking for a long time, and the Northwest submarket where this property is located has been growing very fast,” Brian Rosen, managing director of acquisitions for Accesso, said in the release. “Particularly appealing to us was the number of tech tenants that are gravitating towards the area. And beyond that, the Austin economy has really taken off, so we just wanted to make sure we weren’t getting in too late with our first acquisition there.”

The company’s acquisition at Parmer Lane, another office complex, is even bigger at 913,000 square feet. The huge property is home to several high-profile technology clients including Google, Oracle, Ebay, Paypal and Electronic Arts.

With two large acquistions Accesso is looking to carve out a sizeable portion of the real estate market in Austin, and they may not be done.

“We will continue to expand the Accesso footprint in Austin,” Bentata said in a written statement, acquired by the Austin Business Journal.