AUSTIN (Austin Business Journal) – A Denver-based real estate investment trust is paying $68.75 million for the City View portfolio at 1122 S. Capital of Texas Hwy. The four-building multitenant office park totals about 274,000 sf.
Dividend Capital Diversified Property Fund Inc. acquired the property from Pearlmark Real Estate LLC of Chicago.
The buildings were built between 1985 and 1998.
Currently, the park is 99 percent leased to 22 tenants.
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