BREAKING: World Class Picks Up Slices Of Austin's Met Center

World Class Holdings has purchased a seven-building portfolio on 45 acres at Met Center, adding to an Austin portfolio that ranges from the 156-acre 3M campus in North Austin to an estimated 6M SF downtown.

World Class Chief Operating Officer Sheena Paul said the purchase includes 400K SF of creative office, data center and flex space.

The portfolio World Class bought last month within the 550-acre Met Center development is at 8201 East Riverside Drive and 7401 East Ben White Drive (near the intersection of Ben White and Riverside Drive, near Oracle's new campus) and at 7620 Metro Center, near the intersection of US 183 South and Riverside Drive.

Digital Realty LLC was the seller.

Southeast Austin's Met Center has gotten plenty of buzz in recent months with Zydeco Development's gaffe: labeling a portion of East Austin "Tortilla Canyon" in a presentation to land the city's future Municipal Courts complex.

The potential Municipal Courts complex, not yet fully funded, on Metropolis Drive is still owned by Zydeco.

World Class carries a $1.2B portfolio, according to a profile of CEO Nate Paul last year in Forbes. Paul is considered the biggest buyer and developer of real estate in Austin, but he doesn't own any trophy buildings.

"My assets are not sexy," Paul told Forbes last year. "I mean, I own lots of storage. But I love my assets."

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Austin - San Antonio Newsletters
Related Stories

'We Aren't Competitive': Power, Taxes Keep Colorado On The Data Center Sidelines

Blue Owl Reportedly Planning Data Center REIT

AI Data Center Investment To Hit $31.6T — But Europe Reaches Limits

Data Center Demand Doubles, Fueling New AI Boomtowns

Why Some Pennsylvania Data Center Developers Support Shapiro's New Restrictions

Partners Capital Sells Austin Shopping Center, Citing Strong Investor Appetite

Anthropic Inks $35B Deal With Nvidia-Backed AI Cloud Provider

Texas Governor's Data Center Power Pause Gets Split Verdict From Developers

Feds Raid North Texas-Based Contractor As Part Of HUD Investigation

Illinois' Data Center Backlash Puts Politicians In A No-Win Position

As Data Center Backlash Grows, EPA Moves To Cut Public Review Rules

AI Cloud Firm Nebius Raises $5.75B In Debt To Fuel Data Center Expansion