Amber Oaks H, I & J

Jones Lang LaSalle (“JLL”) has been exclusively retained to offer qualified investors the opportunity to purchase Amber Oaks H, I, and J, (“the Property” or “Amber Oaks”), three buildings consisting of 204,886 square feet of Class A office space. The Property is 94% leased to a robust roster of high credit tenants with a combined market capitalization of over $27.5B, and critical business units and functions in their spaces, evidenced by 88% of the current rent roll extending their lease term since the onset of COVID-19. Amber Oaks provides stable cash flow and significant upside, with 7.3 years of WALT and only 1% of the rentable square footage expiring during the next three years, as well as in place rents 15% below market.

Buildings H-J are located within the Amber Oaks office development, at the intersection of SH-45 and Parmer Lane in Northwest Austin, offering immediate access to Austin’s fastest growing suburban communities such as Cedar Park, Leander, and Round Rock as well as North Austin’s major retail and urban center including The Domain, The Arboretum and Lakeline Mall. Amber Oaks is located in the Parmer Innovation Corridor, which is home to large offices for Austin’s most innovative companies such as Apple (4.3M SF) and Google (300K+ SF), as well as a 1,000,000+ square foot life science portfolio that was recently acquired by Alexandria REIT, the nation’s foremost life science owner and operator. The Property’s prime Parmer Innovation Corridor location creates business plan optionality with the potential for further life science conversion as leases expire. The Property’s superb fundamentals are bolstered by the strength of Austin’s economy, which is the #1 market for global real estate investment (AFIRE 2022), and averaged 6,000+ tech job postings per month during 2022.