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May 8, 2017

Multimillion dollar office deals across Austin

​​​​​​​​​​​​​​​AUSTIN – Capital Ridge, an office tower​ in West Austin, has been acquired by GLL Real Estate Partners, a German-based real estate fund management group.The 217,000-sf property is 100 percent leased by...
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by
Austin Business Journal

​​​​​​​​​​​​​​​AUSTIN – Capital Ridge, an office tower​ in West Austin, has been acquired by GLL Real Estate Partners, a German-based real estate fund management group.

The 217,000-sf property is 100 percent leased by Apple Inc.

According to national real estate newsletter Real Estate Alert, the acquisition price was $96.1 million equating to $443 per sf, which is a premium compared to other recent sales outlined below.

The property includes a multi-level parking structure with more than 900 spaces.​

Here’s a look at five other recent office investment transactions:

  • ​Chase Tower: 221 W. Sixth St.
    • ​$125,675,000—404,713 sf 
    • $310.53 per sf
  • Quarry Oaks I & II: 10900 Stonelake Blvd. 
    • $87,661,990—292,000 sf 
    • $300.21 per sf
  • 1300 Guadalupe: 1300 Guadalupe St. 
    • $14,764,802—45,000 sf 
    • $328.11 per sf

  • Oak Creek Plaza: 3107 Oak Creek Dr.  
    • $13,125,000—50,502 sf 
    • $259.89 per sf

  • Tremont Plaza: 3001 Bee Cave Rd. 
    • $11,250,000—53,134 sf 
    • $211.72 per sf
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Written by
Austin Business Journal
Last updated
Mar 28, 2024

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