120,000 SQ FT
State of Texas, Attorney General Child Support Division
AAA CREDIT TENANCY
100% leased to State of Texas, AAA credit rating from S&P
New 10-year lease with State of Texas
Headquarters for Office of the Attorney General, Child Support Division
Facility was built-to-suit for State of Texas
Tenant has demonstrated ongoing commitment to the facility with recent lease renewal
HIGHLY DESIREABLE MARKET LOCATION
Located in the highly desirable market of Austin, the 11th largest city in the United States
CLOSE PROXIMITY TO DOWNTOWN
Convenient location less than 5 miles from downtown Austin
The State of Texas Office of the Attorney General Child Support Division Headquarters is a single-tenant, 120,000 square foot office building located in Austin, Texas.
This facility was built-to-suit for the State of Texas, and benefits from a central, convenient location in Austin. As the headquarters location for the Office of Attorney General Child Support Division, this building is mission-critical to the tenant.
The State of Texas demonstrated its long-term, ongoing commitment to this facility via a new 10-year lease term which commenced in February 2017. The lease includes a 5.5-year firm term, which is extremely rare for any state-leased assets, which almost always include termination rights throughout the term. The State of Texas features the highest possible credit rating, graded AAA from Standard & Poor’s, Fitch, and Moody’s.
As part of the lease renewal process, significant capital improvements were made to the property, including replacement of all HVAC units over 5 years in age, and extensive upgrades to both the interior and exterior of the building, as well as a new state-of-the-art energy management system.
Located in the highly desirable market of Austin, the 11th largest city in the United States, the subject property is situated less than 5 miles from downtown, allowing for fast, easy access to the courthouse and the ability to house a large number of employees at an economical rental rate.