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CONTACTSMichael Searls BROKER
[email protected]
All information contained herein is deemed reliable but not
guaranteed. Buyer must verify.
1624 HEADWAY CIRCLE Austin, Texas 78754
» Immediate access to 183, 290 and I-35
» Close proximity to new UT Medical School &
ACC Highland
» Stabilized asset, steady revenue & minimal
landlord responsibilities
» Ideal 1031 investment
» 12,527 square feet on 1.46 acres
» 100% NNN leased to 3 life science /
bio-tech tenants
» Highly coveted wet lab space with
specialized buildout
» Extensive building upgrades
PROPERTY FEATURES
FOR SALE100% NET LEASED WET LAB, R&D, OFFICE BUILDING
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EXECUTIVE SUMMARYHeadway Circle (the “Property”) represents a
unique investment opportunity in Austin, Texas, the most intriguing
commercial real estate investment market in the United States.
100% NNN leased with a well-blended and diversified expiration
schedule, the Property is located in the Walnut Creek Business Park
in north central Austin, Texas, conveniently located at the
confluence of the intersection of Interstate 35, and US Highways
290 and 183, providing outstanding accessibility to points in all
directions. The portion of US 290 immediately east of the property
has been upgraded to a toll road, providing quick accessibility at
any time of day.
The Property is centrally located just north of the University
of Texas at Austin’s flagship campus, and under construction on
campus, the first de novo medical school and teaching hospital
built in the US in over forty years. Additionally, the property is
just minutes from the newly developed Austin Community College
Highland Campus. The Highland Campus is one of ACC’s largest
campuses, with capacity to serve 6,000 students in its initial
phase. It features a mix of private and public partnerships
benefiting students and employers including a massive learning
center for innovative teaching and learning. This will prove to
vastly expand the region’s prominence in the life sciences realm
and will have the biggest economic influence on the region since
Austin’s strong and ever-growing technology sector.
With an unemployment rate substantially less than both the Texas
and national averages and a challenging regulatory environment
providing significant barrier to entry to new development, Austin
is poised to enjoy outsized real estate returns and a robust
economic picture for the foreseeable future. The Austin Bergstrom
International Airport is approximately 6 miles south of the Park on
US-183. A proven development, Walnut Creek is home to several
blue-chip companies as well as local businesses and serves as a
geographic hub to city, county, state, and federal grant entities
and trade associations.
1624 HEADWAY CIRCLE
SITE PLAN
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LOCATION MAP
1624 HEADWAY CIRCLE
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CORPORATE NEIGHBORS
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FLOOR PLAN
DiFusion
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TENANT PROFILE
Curtana Pharmaceuticals was founded on a mission to develop the
first truly targeted therapies for the treatment of the most
aggressive types of brain cancer. The company’s drug development
program is based on the pioneering research of Dr. Santosh Kesari,
who is currently the Chairman of the Department of Translational
Neuro-oncology and Neuro-therapeutics at the John Wayne Cancer
Institute. Curtana’s senior leadership brings years of experience
in the pharmaceutical industry, with extensive backgrounds in the
development of new molecular entities for the treatment of cancer
as well as CNS disorders.Curtana initiated operations in San Diego,
California in 2013. Following the award of a highly prestigious and
competitive grant ($7.6M) from the Cancer Prevention and Research
Institute of Texas (CPRIT) in August 2014, the company relocated
its lab and offices to Austin, Texas. Current investors include
Thynk Capital, angelMD, Biosense Global, DEFTA Partners, and other
anonymous investors. (http://www.curtanapharma.com/)
Water Lens is an innovative company that is revolutionizing the
$10B water testing industry. They have developed a system for
real-time chemical analysis of water and other fluids, on location,
for industries that use large amounts of water (e.g., oil and gas,
agriculture, power generation, coal mining, and food processing).
The Water Lens system can be easily performed by the average worker
in the field or in the lab. There is no need for trained
technicians or chemists and results are obtained in under 10
minutes. (http://www.waterlensusa.com/)
Founded in 2008 in Austin, Texas, DiFusion Technologies, Inc. is
a medical device company focused on reducing the rising incidence
of surgical site infections in orthopedic and spine surgery through
the development of a suite of patented antimicrobial orthobiologic
polymeric implants. Initially focusing on the multi-billion-dollar
spinal implant market, the company has developed a technology with
applicability across a variety of orthopedic segments using well
characterized implants with benefits for the patient, surgeon,
hospital and payer. (http://www.difusiontech.com/)
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11-2-2015
TYPES OF REAL ESTATE LICENSE HOLDERS: A BROKER is responsible
for all brokerage activities, including acts performed by sales
agents sponsored by the broker. A SALES AGENT must be sponsored by
a broker and works with clients on behalf of the broker.
A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the
person or party that the broker represents): Put the interests of
the client above all others, including the broker’s own interests;
Inform the client of any material information about the property or
transaction received by the broker; Answer the client’s questions
and present any offer to or counter-offer from the client; and
Treat all parties to a real estate transaction honestly and
fairly.
A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE
TRANSACTION:
AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the
property owner's agent through an agreement with the owner, usually
in a written listing to sell or property management agreement. An
owner's agent must perform the broker’s minimum duties above and
must inform the owner of any material information about the
property or transaction known by the agent, including information
disclosed to the agent or subagent by the buyer or buyer’s
agent.
AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's
agent by agreeing to represent the buyer, usually through a written
representation agreement. A buyer's agent must perform the broker’s
minimum duties above and must inform the buyer of any material
information about the property or transaction known by the agent,
including information disclosed to the agent by the seller or
seller’s agent.
AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary
between the parties the broker must first obtain the written
agreement of each party to the transaction. The written agreement
must state who will pay the broker and, in conspicuous bold or
underlined print, set forth the broker's obligations as an
intermediary. A broker who acts as an intermediary: Must treat all
parties to the transaction impartially and fairly; May, with the
parties' written consent, appoint a different license holder
associated with the broker to each party (owner and
buyer) to communicate with, provide opinions and advice to, and
carry out the instructions of each party to the transaction. Must
not, unless specifically authorized in writing to do so by the
party, disclose:
ᴑ that the owner will accept a price less than the written
asking price;ᴑ that the buyer/tenant will pay a price greater than
the price submitted in a written offer; andᴑ any confidential
information or any other information that a party specifically
instructs the broker in writing not to
disclose, unless required to do so by law.
AS SUBAGENT: A license holder acts as a subagent when aiding a
buyer in a transaction without an agreement to represent the buyer.
A subagent can assist the buyer but does not represent the buyer
and must place the interests of the owner first.
TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER
SHOULD BE IN WRITING AND CLEARLY ESTABLISH: The broker’s duties and
responsibilities to you, and your obligations under the
representation agreement. Who will pay the broker for services
provided to you, when payment will be made and how the payment will
be calculated.
LICENSE HOLDER CONTACT INFORMATION: This notice is being
provided for information purposes. It does not create an obligation
for you to use the broker’s services. Please acknowledge receipt of
this notice below and retain a copy for your records.
Information About Brokerage Services Texas law requires all real
estate license holders to give the following information about
brokerage services to prospective buyers, tenants, sellers and
landlords.
.
Designated Broker of Firm License No. Email Phone
Licensed Supervisor of Sales Agent/Associate
License No. Email Phone
Licensed Broker /Broker Firm Name or Primary Assumed Business
Name
License No. Email Phone
Regulated by the Texas Real Estate Commission Information
available at www.trec.texas.gov IABS 1-0
Date Buyer/Tenant/Seller/Landlord Initials
Sales Agent/Associate’s Name License No. Email Phone
Urbanspace LLP 9001694 [email protected]
512.457.8884
Kevin Burns 456804 [email protected]
512.848.8722
Michael Searls 621318 [email protected]
512.730.1104
