ATCO sells retail, buys office in AustinATCO sells retail, buys office in Austinhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=22892014-12-16T09:06:00Z2014-12-05T00:00:00Z

AUSTIN - ATCO Properties & Management — a New York-based investor — has sold an Austin-area retail center and acquired a local office building.

ATCO purchased 1300 Guadalupe St., a 45,000-sf office building that is 100 percent occupied and represents the opportunity for growing rents, according to Damon Hemmerdinger, co-president of ATCO.

The company also sold Crossroads Center, a shopping center located at 9070 Research Blvd., near Burnet Rd.

The 98,918-sf property center was purchased by ATCO in 2011 and was most recently valued by the Travis Central Appraisal District at $15,293,781.

With assistance from The Retail Connection, ATCO nearly leased the center to 100 percent with tenants that include Chili's Grill & Bar, Pluckers Wing Bar, Subway and West Marine.

Read more at the Austin Business Journal.
(Texas real estate news)

Austin Business Journal
Austin-Round Rock
http://www.bizjournals.com/austin/blog/real-estate/2014/12/new-york-investor-buys-austin-office-building.htmlRead more at {Source}

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