9737 Great Hills Trail

Austin, Texas

9737 Great Hills Trail

Overview

9737 Great Hills Trail is an 85,000 square foot building in the Arboretum section of Austin, Texas. Moore purchased the asset in 2007 for $7.5 million after it had been vacant for four years due to a permitting problem that inhibited multi-tenanting.

Moore contracted to buy 9737 Great Hills Trail and, during its 30 day due diligence period, solved the permitting problem (Moore suggested the City utilize 9737 as a test case under the International Building Code).

Moore made numerous interior improvements to the long-vacant building and moved the glass-line out, thereby increasing rentable area by 20%.

With its spectacular glass domed roof and fully improved central atrium and fountain, 9737 Great Hills Trail quickly achieved 100% occupancy.

Velocis joined Moore as an equity partner in the project in 2013.  The property was 100% leased and sold June, 2015.

Property Summary

Address:
9737 Great Hills Trail

Market:
Austin, TX

Year built:
1984

Rentable area:
85,000 Square Feet

Stories:
3

Average floor plate:
33,000 Square Feet

Parking:
3.4/1000 Square Feet Parking Ratio