Zydeco Development announced on Apr. 24 that it is selling its fully leased MetCenter A&B campus in Southeast Austin, a two-building office property completed in 2020 with an asking price of $65 million.
The listing presents investors with an opportunity to acquire a stabilized asset offering long-term income and advanced infrastructure. The campus, located at the corner of Metropolis Drive and MetCenter Road, totals 138,850 square feet and is currently leased to three tenants: the Austin American-Statesman through 2031, Texas Reliability Entity through 2037, and the U.S. Department of Veterans Affairs through 2039. The weighted average lease term for these tenants is approximately 10.5 years.
According to marketing materials cited by the Austin Business Journal, the property’s infrastructure includes dual on-site electric substations connected to separate grid sources, redundant telecom systems with multiple fiber providers, and triple-redundant water service. These features are intended to enhance reliability for tenants.
The $65 million asking price is more than double the property’s most recent appraisal of $31.9 million by the Travis Central Appraisal District. Zydeco’s sales strategy emphasizes both tenant stability and infrastructure as key selling points for potential buyers.
Located just west of Austin-Bergstrom International Airport and within close proximity to downtown Austin, MetCenter A&B sits in a corridor that has attracted industrial and back-office users seeking alternatives outside the urban core.
This sale marks another phase in Zydeco’s ongoing development of MetCenter—a master-planned business park spanning 550 acres since the early 1990s—and follows previous transactions such as a significant sale in 2021 involving over 600,000 square feet to Graymark Capital and BentallGreenOak.
