BH Properties Continues to See Value in Texas Office Market with Acquisition of 205,293 Square-Foot The Park on Barton Creek in Southwest Austin
The California-Based Investor has Acquired Nearly 600,000 Square-Feet of Texas Office Assets Thus Far in 2025.
Austin, TX – (April 22, 2025) – BH Properties, a vertically integrated real estate investment firm based in Los Angeles and with regional offices in Dallas and Houston, continues to see long-term value in the Texas office market, as evidenced by the firm’s acquisition of The Park on Barton Creek, a Class-A, 205,293-square-foot office complex situated at the intersection of South MoPac and Loop 360 in Southwest Austin. JLL’s Austin Office team led by Ryan Stevens and Drew Fuller represented the undisclosed seller, while Scott Henry, Managing Director with BH Properties in Dallas, represented the firm. Terms of the deal were not available. Leasing will continue to be handled by Endeavor Real Estate Group’s William Crawley and Jonathan Tate.
This is the second of two Texas office acquisitions in 2025 that further demonstrate BH Properties’ confidence in high quality office assets in Texas’ high-growth markets. The firm also acquired the 374,000 square-foot Legacy R&D office park in Plano this past February.
Originally built in 20078, The Park at Barton Creek is located at 3711 MoPac Expressway and features two Class-A office buildings and separate parking structures, each containing 426 parking spaces, in a tranquil 16.55-acre wooded setting with access to nearby hiking and biking trails. This institutional quality property recently underwent a $1.3 million capital improvement program that enhanced the lobby experience and provided both a tenant lounge and conference center. In addition to easy access to Downtown Austin, The Park on Barton Creek is situated near the affluent neighborhoods of Rollingwood, Barton Hills, and West Lake Hills.
“While the national office market continues face significant hurdles, individual high-quality assets in well located markets still provide great lease up potential. In Texas in particular, there is a business-friendly environment and quality of life that continue to draw significant investment interest,” said Jim Brooks, President of BH Properties. “The Park at Barton Creek’s Class-A improvements and superior location are a great match to our investment criteria, and with available space, there is a terrific opportunity to take advantage of the continued return-to-office movement.”
Headquartered in Los Angeles, CA, with six regional offices, BH Properties has been ramping up its acquisition efforts across multiple asset classes. Other notable acquisitions have included the 322,000-square-foot mixed-use Anchorage Square in San Francisco, the 335,000-square-foot Pacific Place retail mall in downtown Seattle, and the 150,000-square-foot Parkway Centre office building in Plano, Texas. With the Barton Creek and Legacy R&D acquisitions, BH Properties further strengthens its national portfolio, now spanning nearly 11 million square feet across 16 states.
About BH Properties
Founded 31 years ago, privately held BH Properties is a vertically integrated real estate investment company specializing in value-add acquisitions and asset management across a geographically and product-diverse portfolio. The Los Angeles-based company, with regional offices in San Francisco, Phoenix, Dallas, Houston, Seattle, and Riverside, CA, continues to focus on opportunistic real estate transactions, distressed debt, gap financing, and ground leases.
