Zydeco Development Corp. has brought its MetCenter A&B office campus to market, offering investors a fully leased, two-building property with defined pricing guidance. The owner and developer is seeking approximately $65 million for the campus, according to information cited from the Austin Business Journal. The offering comes with a stated initial yield of 7%, providing prospective buyers with clear expectations around the income profile at acquisition.
The MetCenter A&B campus totals about 138,000 square feet of office space and is reported to be 100% leased. The Austin Business Journal notes that the three tenants in the complex are committed under long-term leases, which anchors the income stream for any new owner. While the tenants are not identified by name, the fully leased status and long lease terms indicate that there is no immediate rollover at the property.
Zydeco developed MetCenter A&B and has held the asset since completion. The property was built in 2020 on a 14.1-acre site at 8000 Metropolis Drive. Cushman & Wakefield has been engaged to market the campus, positioning the asset to a broad pool of potential buyers active in office investment sales. The engagement underscores that this is a formally marketed process rather than an off-market trade.
The MetCenter A&B campus forms part of a much larger master-planned business environment. Zydeco has been developing the broader MetCenter project, which spans approximately 550 acres, since 1993. Over time, the company has sold off portions of this large-scale development, and the current disposition effort continues that long-running strategy of recycling assets within the complex.
According to its own description, Zydeco is a privately held commercial real estate development firm founded in 1993. The company reports that it has delivered millions of square feet across its portfolio, with a stated focus on master-planned business parks and communities. MetCenter A&B fits that profile as a modern, campus-style office asset within a larger planned environment.
With a fully leased, relatively new office campus and explicit pricing and yield targets, the MetCenter A&B offering provides a current reference point for stabilized office valuations within the MetCenter development. The combination of long-term leases, recent construction, and a defined initial yield will likely be central considerations for investors evaluating the campus.
