A joint venture led by AQUILA Commercial and PacVentures has scooped up The Campus at Arboretum, a five-building office complex in northwest Austin totaling roughly 318,000 square feet, according to local reporting. The long-standing suburban office park, just steps from the Arboretum shopping district and the Domain, has been pitched as a value-add play with park-like grounds and a solid slate of tenant amenities.
Who bought it
As reported by the Austin Business Journal, the buyer is a joint venture that includes AQUILA Commercial and PacVentures. The publication notes that the new ownership group will handle both leasing and property management, putting them in the driver’s seat on how the campus evolves.
Property basics
Marketing materials show the campus spans about 318,782 square feet across five low-rise office buildings. An investment listing from JLL that marketed the property earlier described it as roughly two-thirds leased and emphasized its immediate access to US-183, Loop 360 and MoPac, a trio of highways that keep it plugged into the broader metro.
Availability and addresses
The Austin Business Journal reported that about one-third of the 318,000-square-foot campus was available for lease at the time of sale. The property’s marketing page from AQUILA Commercial lists 174,282 square feet of available space and gives the campus addresses as 10415 & 10431 Morado Circle and 10814 Jollyville Road. AQUILA’s listing also breaks down suite-level availability and posts asking rents for spaces that are ready for immediate move-in.
What it means for the market
The deal lands as Austin’s office market continues a slow reset after a run of elevated vacancy. Q1 2026 overviews have metro vacancy in the high-teens to low-twenties, with tenant demand clustering around higher-quality buildings. TenantBase’s Q1 2026 snapshot points to sublease inventory easing and a gradual shift toward positive absorption as new office deliveries taper off.
Next steps
AQUILA’s property page lists leasing contacts and a lineup of on-site perks - from fitness facilities to picnic areas and pickleball courts - that the new owners can spotlight as they hunt for tenants. A sales price has not been disclosed in public marketing materials, so the next real tell on the joint venture’s strategy will be how quickly and aggressively they move to lease up and reposition the campus.
