| "Two news items suggest Austin, Texas
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| | rent in the Texas area, a new study by
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| might be a hot market for two very
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| | AARP The Magazine has found to that
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| diverse types of residents: retirees and
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| | Austin is in the top four cities in the
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| entrepreneurs. KBS Real Estate Investment
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| | country to watch for being
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| Trust has recently acquired nine Class-A
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| | retirement-friendly. The magazine
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| office, warehouse, and distribution
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| | determined retirement-friendly cities by
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| properties totaling two million-square
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| | looking at expanded sidewalks, mixed-use
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| feet. One of the properties is in the
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| | housing, good quality health care, and
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| Dallas-Fort Worth region, and one is in
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| | quality mass transit systems. Using this
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| the Round Rock, Texas region. The rest of
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| | criteria, the magazine found that the
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| the properties are located outside of
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| | Texas capital city provided excellent
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| Texas.
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| | quality of life to residents over the age
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| Of these properties, the largest property
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| | of 50 and would in fact tend to attract
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| that KBS Real Estate Investment Trust
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| | those types of residents. The magazine
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| purchased is situated in Round Rock. The
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| | reports that this age group will likely
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| enormous Crystal Park II industrial
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| | grow by 32% in the next decade and a
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| building boasts over 240,000-square-foot
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| | half, so entrepreneurs in the area may
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| of space in the 38-acre Crystal Park
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| | wish to cater to retirees and boomers as
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| complex situated at Old Settlers
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| | well as to businesses. The magazine also
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| Boulevard and Greenhill Drive, near I-35.
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| | reported that other top communities to
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| The Corporate Express building is a Class
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| | watch for being retiree-friendly included
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| B flex building, slightly more than
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| | Burlington in Vermont, Mankato in
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| 131,000-square-feet. Located at 2230
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| | Minnesota, and Traverse City in Michigan.
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| Avenue J in Arlington, the building is in
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| | Retirees considering moving to the Austin
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| the highly desirable Dallas-Fort Worth
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| | area will be pleased to know that the
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| region. California-based KBS purchased
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| | constant building and expansion in
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| the portfolio of properties from
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| | Austin's downtown district creates more
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| Minneapolis-based Opus Corp. for a
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| | mixed-use properties and properties that
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| reported $124.5 million. The seller was
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| | are ideal for retirees. The fact that
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| represented by CB Richard Ellis. So far,
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| | Austin's downtown residential area often
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| no official reports have been made about
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| | includes easy access to clinics, stores,
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| what may be done with the properties.
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| | restaurants, and other attractions is
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| However, KBS will likely continue to rent
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| | surely an attraction as well. In
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| the highly desirable properties to
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| | addition, Austin's mild climate, natural
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| business tenants. All the buildings in
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| | beauty, and easy access to the facilities
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| the portfolio -- including the Texas
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| | and continuing education classes at the
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| holdings -- have excellent occupancy
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| | University of Texas are sure to please
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| rate. In fact, Crystal Park II was 73%
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| | those over 50." Kinan Beck is the Broker
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| leased out to various tenants at the time
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| | and co-owner of One Source Realty in
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| that the KBS deal was made. The Corporate
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| | Austin Texas. Visit Kinan's Lake Travis
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| Express building is completely leased by
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| | real estate website, visit his Austin
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| Corporate Express. KBS may be looking to
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| | Texas Real Estate company's website, &
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| attract more businesses to the Crystal
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| | his Austin Condos website. He has seen
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| Park II building.
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| | considerable success in real estate, and
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| In addition to the businesses and
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| | looks forward to many more years in the
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| business tenants so obviously eager to
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| | business.
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