A two-building office campus perched above Loop 360 is quietly looking for a new owner, putting nearly 178,000 square feet of Class A space in West Austin in play. Bridgepoint Plaza I and II sit on roughly nine acres of blufftop land with views toward the Pennybacker Bridge and Lake Austin, and the current owner is pitching the property as a fully amenitized, turnkey campus for investors shopping the West Austin office market.
The listing surfaced today, in a report by Connect CRE, which identified the addresses as 5914 and 5918 W. Courtyard Drive and named Dallas-based Spire Realty Group as the owner. According to Connect CRE, TA Associates Realty bought the campus in 2013 for $36.5 million and sold it to Spire in 2017.
What’s On The Block
Marketing materials describe Bridgepoint Plaza as totaling about 177,973 square feet across two buildings, a five-story structure completed in 1985 and a four-story building finished in 1992, set on roughly 8.8 to 9 acres. The campus is advertised with an on-site fitness center, cafe, conference facilities, rooftop basketball and pickleball courts, and structured parking for several hundred vehicles, according to Spire Realty Group.
Leases And Tenancy
Connect CRE reports that the property is about 87 percent leased, with a weighted average lease term of roughly 3.5 years. When JLL arranged a $39.7 million refinancing for the campus in late 2022, it described the asset as roughly 78 percent leased, highlighting how occupancy has shifted since that deal, according to a JLL release.
Market Backdrop
The sale effort is unfolding against a softening office backdrop in Austin. Lee & Associates reported in its Q3 2025 market review that Austin’s office vacancy rate had climbed above 22 percent, with hefty new deliveries adding pressure across both downtown and suburban submarkets. Those fundamentals have pushed many owners of older or mid-cycle buildings to weigh their options, including selling, refinancing, or repositioning their properties.
Why A Sale Now
Spire’s chief executive, Jon Ruff, signaled how tricky the financing environment had become back in 2022. In comments to JLL tied to the property’s refinancing, Ruff said that “it is extremely difficult to refinance any property,” a blunt assessment of the headwinds landlords have been facing. That same release detailed the $39.7 million refinancing Spire secured through Argentic, an example of the kind of debt workout that often comes before an owner tests the sales market.
Who Might Bid
Investors drawn to West Austin’s amenity-rich corridor could view Bridgepoint Plaza as a chance to grab a well-located, extensively amenitized campus with some upside through additional lease-up or modest repositioning. For leasing or offering-material inquiries, Spire lists Cushman & Wakefield broker Matt Frizzell as the leasing contact on the owner’s property page.
No asking price was included in early reports, and offering materials are typically made available only to qualified buyers through the owner’s leasing team.
