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3M Lab and Research Campus | Austin, TX

Investment Strategy

In 2019, PRP evaluated a potential acquisition opportunity for a newly-built office and lab campus on a long-term lease with high quality investment grade tenant 3M.

  • 3M spent over $66 PSF on the buildings, evidencing the Tenant’s long-term commitment to the asset
  • Property is located in a 246-acre mixed-use park with heavy focus on technology and innovation functions
Austin, TX
2020
336,000 SF
Mission-Critical Assets
$144.8MM
3M
Disclaimer: The properties and investment results shown in this portfolio are provided for informational purposes only and should not be considered as a guarantee of future performance or results. Past performance does not predict future outcomes.