World Class Acquires 3M Austin Center Campus

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World Class Property Company has closed on the acquisition of the 1.3 million square-foot 3M Austin Center campus in Austin, Texas.

Aerial of 3M Austin Center

“We are excited to bring our vision, energy and creativity to the redevelopment of the 3M Austin Center campus. This unique property allows us the opportunity to create a one-of-a-kind destination in a phenomenal location in Austin,” said Nate Paul, President and CEO of World Class.

World Class Property Company has closed on the acquisition of the 1.3 million square-foot 3M Austin Center campus in Austin, Texas. The iconic, state-of-the-art facility is located on 158 acres on RR 2222 in northwest Austin’s high-tech corridor, making it a rare office campus in one of the fastest growing cities in America.

“We are excited to bring our vision, energy and creativity to the redevelopment of the 3M Austin Center campus. This unique property allows us the opportunity to create a one-of-a-kind destination in a phenomenal location in Austin,” said Nate Paul, President and CEO of World Class.

3M will continue to occupy the site until 2019, however World Class plans to immediately market space to new tenants. The campus features a main building complex of offices, labs and an innovation center, as well as abundant nature trails and walking paths. The main building complex is the largest contiguous office building in Austin.

In addition to the unique features of the site, the property sits in one of Austin’s strongest office submarkets with respect to occupancy, rents and absorption. The campus can be expanded to over 3 million square feet through future development.

About World Class Property Company

World Class Property Company is a privately held real estate investment and development company headquartered in Austin, Texas. The firm is focused on the long-term ownership, management and development of commercial real estate throughout the United States.

World Class Property Company is a subsidiary of World Class Holdings, a holding company that owns a diverse portfolio of real estate, financial services, and credit businesses. World Class creates, acquires, and operates businesses that benefit from its flexible capital, extensive global network, operational expertise, and long-term investment horizon. Additional information can be found at http://www.world-class.com and http://www.worldclassproperty.com/.

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