**Buchanan Capital Partners Acquires Westbank Pointe in Westlake**
Buchanan Capital Partners has acquired Escalada Office Park in Westlake, which has been rebranded as Westbank Pointe. The 116,434-square-foot office park, originally constructed in 1985, is currently 70% occupied. Buchanan is planning to implement upgrades to the property to enhance its appeal and functionality.
Located along Loop 360 at 4301 Westbank Drive, Westbank Pointe was sold by Wedge Properties, which had owned it since 2016.
According to a report by the Austin Business Journal, the property currently has four available spaces for lease, ranging in size from 4,533 square feet to a full-floor space of 21,754 square feet. Leasing services for the building have been managed by Brandon Lester and Connor Atchley of Transwestern Real Estate Services for the past 15 years, and they will continue in this role. The building’s tenant mix includes professional services such as law firms, banks, engineering firms, and title companies.
This acquisition adds to Buchanan Capital Partners’ expanding Texas portfolio. Last summer, the firm also purchased a 196,000-square-foot industrial property in Hutto and an office building in South Austin, both slated for conversion into medical condominiums.
