2900 Esperanza Crossing, Austin, TX 78758
Domain Gateway is an office tower completed in 2009 that is 100 percent leased to OneWest Bank. The property is located in The Domain, a highly acclaimed mixed-use development in Northwest Austin which contains Class A residential, office, retail, restaurant, hotel, grocery and entertainment space. The Domain includes high-end nationally-known retailers as well as a new district called Rock Rose that is offering over 100,000 square feet of predominantly local dining, shopping and entertainment options that reflect Austin’s unique personality and soul.
The property is a USGBC LEED Core and Shell Silver-certified building. The entry lobby consists of travertine stone flooring with the walls and ceiling consisting of limestone and wood with a travertine stone base. The property’s top floor (floor 5) features a high-vaulted, atrium-like ceiling along with an exterior balcony. Domain Gateway is located within The Domain, a 304-acre mixed-use development strategically situated 15 minutes north of the CBD on a site bounded by the MoPac Expressway, Braker Lane and Burnet Road, one-half mile north of Highway 183. The property also provides immediate access to Loop 360 and to I-35, the primary north-south artery through the heart of the metro area. In addition, Austin’s Capital Metro train line, which opened in 2010, has a station at Kramer Lane adjacent to the property providing commuter service from northwest Austin through the CBD to the south. Rail service to downtown from The Domain is a 27-minute trip and operates 13 hours per day.
Investment at a Glance
Location: Austin, TX
Property Type: Class A Office
Acquisition Date: September 29, 2011
Purchase Price: $48,015,000
No. of Buildings: 1
No. of Stories: 5
Square Footage: 173,962 SF
Year Built: 2009
Leased Percentage (at the time of Acquisition): 100%