|
P: 805-969-5115
F: 805-969-5119
E: |
|
|
|
Cameron
Technology Center;
Austin, TX |
|
|
Previously
a 25-acre parcel
of undeveloped land, Cameron Technology Center is now an
industrial flex business park, comprised
of three buildings
totaling 121,000 square feet. SIG’s
goal was to acquire
the land, and subsequently design, construct, finance, and
lease the project.
Scher Investment Group
began construction on the same day escrow closed on the land
purchase. The project was built in two phases over a 15-month
period. By the time the project was completed, the business park
was 100% leased.
Upon completion of
construction, SIG returned all equity to investors, while continuing
to distribute excess cash flow well in excess of a 20% return
on the investors original equity.
SIG currently owns
and asset manages this property. Hill Partners handles property
management and leasing. |
|
|
|