AUSTIN – Tel Aviv, Israel-based Azrieli Group has purchased a 249,870-sf office building for $100.5 million, or $402 per sf.
The five-story building at 3700 N. Capital of Texas Hwy. was built in 2015. It was fully leased at the time of sale. Spiceworks is the anchor tenant.
Eastdil Secured brokered the deal on behalf of the seller, HPI Real Estate.
The purchase is Azrieli's second local investment.
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