Multimillion dollar office deals across AustinMultimillion dollar office deals across Austinhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=164362017-05-08T05:00:00Z2017-05-08T22:00:00Z

​​​​​​​​​​​​​​​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
Austin Business Journal
Austin-Round Rock
http://www.bizjournals.com/austin/news/2017/04/26/investor-buys-austin-office-tower-leased-by-apple.htmlRead the full article at the {Source}

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