Parmer, a development to include 4 million square feet of Class A office, flex, value office, retail and multi-family real estate, broke ground this week in Austin, TX on a 192,000 square foot office building called Parmer 3.2. CBRE Group Inc. — primarily the team of Mark Emerick and John Barksdale — is handling the marketing of the property. Comprised of 8 Sectors, Parmer is Karlin Real Estate's 400-acre master planned technology and office park with master developer Trammell Crow Co. The $1 billion multi-use development is located between Parmer and Howard lanes a short distance east of I-35.
"When we bought our first industrial building at Tech Ridge (in 2011) we owned about 300,000 square feet total and were not a major player," said Matt Schwab, managing director of Karlin. "But the chamber sent teams of people to meet with us even though we were a small fish. That gave me great confidence and I couldn't be more grateful to them."
"After witnessing Karlin's early successes in the Austin market and getting to know their team, we were highly impressed with the caliber of their people, their vision for the site and their ability to get creative to make deals happen for their tenants," said Brad Maples, vice president of Trammell Crow's Austin office. "Right from the start we shared the vision for this site to become Austin's next major business park and this partnership has really turned out to be a great match."
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