CBRE Marketing Assets On Behalf Of Austin Community College

CBRE announces the exclusive marketing assignment of land and improvements on behalf of Austin Community College District.

Recognizing the overall strength of the market in Austin, and desiring to secure seed funding for its future Southwest Campus, the District continues its stewardship efforts in order to improve the quality of life for students by monetizing an underutilized asset.    

The opportunity includes the ACC Pinnacle Campus, a ±100,000 SF office building on ±9 acres.

For an acquisition/redevelopment candidate: The site is suited for multiple uses, including office, multifamily, and general commercial. The survey, title research, environmental reports, and property condition assessment for the property are available online at www.accpinnacledisposition.com or by contacting the CBRE representatives below. 

W. Gaines Bagby, of CBRE’s Austin office, and Peter Jansen, with CBRE’s Public Institutions and Education Solutions team, are representing the sellers. 

“ACC has entrusted CBRE to bring this opportunity to market and expose it to the broadest pool of potential buyers/investors to ensure taxpayers receive maximum value for these assets,” says W. Gaines Bagby, First Vice President with CBRE.

“Pinnacle Campus has served the district well over the years, but it’s time to take a closer look at how we might improve the campus experience for our students in the southwest region,” says Dr. Richard Rhodes, President/CEO of ACC. “This is the first step in a process that includes working with the Southwest Austin community to help us develop a learning environment for the future.”

ACC is seeking offers by July 1, 2019 from qualified parties.