Acquisition Announcement: Escalade Office Park

The Opportunity

Westbank Pointe is the off-market acquisition of a 116,000 square foot, three-building office park located in Westlake Hills, one of Austin’s most affluent and supply-constrained submarkets. BCP acquired the asset at a significant discount to both replacement cost and recent comparable sales, positioning the deal to generate attractive cash yields and strong risk-adjusted returns. The business plan centers on renewing existing tenants, many of whom have long-standing ties to the property, and re-leasing midsized suites between 3,000 and 20,000 square feet that align with the market’s most active demand segment. With no need for major capital improvements, BCP’s strategy focuses on targeted common area upgrades and competitive tenant improvement packages that the prior ownership could not fund, unlocking value through increased occupancy rather than rent growth.

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