170,000-SF Austin office space wedges its way to new owner

AUSTIN – Dallas-based Velocis has sold two Austin office buildings to Wedge Group, a Houston-based private equity firm.

The two Class A Austin office buildings, Arboretum Atrium and Las Cimas I, total more than 170,000 sf in prime Austin submarkets.

Arboretum Atrium is a 91,083-sf office building with a three-story atrium. It is located in the heart of the Arboretum area in Northwest Austin and one of the largest office markets in Austin. The asset is currently 100 percent leased.

Las Cimas I is an 82,787-sf, three-story office building located at the corner of Bee Caves Rd. and Capital of Texas Hwy. in Austin’s Southwest submarket. The asset is currently 100 percent leased, over 90 percent of which is occupied by a single large tenant.

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