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Casa Marco Joins GM at Parmer Park
Los Angeles-based Karlin Real Estate announced closing out its one million-square-foot Phase 1 of Parmer Technology and Office Park with the sale of Parmer 6.2.
PS Business Parks, Inc. Acquires the 246,000-Square Foot McNeil Business Park in Austin
Already the owner of 5.1 million square feet of commercial space in the state of Texas, PS Business Parks, Inc. announced the acquisition of another multi-tenant industrial building in Austin. The transaction adds another 246,000 square feet to the 2.0 million square feet the company already owns in the city.
Karlin Real Estate Sells GMC Building to Gladstone Commercial Corporation
One of the four national Innovation Centers of General Motors Company has changed owners. Los Angeles-based Karlin Real Estate has rolled over the property located at 717 E. Parmer Lane in North Austin to Gladstone Commercial Corp. for $57.5 million, reports Austin Business Journal. At the same time, Gladstone announced it placed a 10 year non-recourse loan through Cantor Commercial Real Estate that covers at least part of the acquisition amount.
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