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University of Texas 235,000-SF Dobie Center sellsUniversity of Texas 235,000-SF Dobie Center sellshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=3382015-07-17T14:16:00Z2015-07-17T09:30:00Z

AUSTIN - The 27-story Dobie Center near the University of Texas campus has been sold by The Carlton Group.

The 234,500 sf, 975-bed Class A student housing tower was purchased for a reported $74 million, according to Globe St.com.

Included was a 90,000-sf, two-story retail mall and a six-story 668-space parking garage.

The building at 2021 Guadalupe St. was purchased in December 2005 and has made at least $6 million in upgrades during the ownership cycle.

The property is across the street from the UT campus, and is opposite the new 458,000-sf McComb’s Business School, currently under construction.

Regus Business Centers is also opening a brand new 13,000-sf office suite facility within the center; it will cater to athletic and technology companies who do business with the university.

Fowler Property Acquisitions was the buyer.

GlobeSt.com
Austin-Round Rock
Multifamily
http://www.globest.com/news/12_1154/austin/student_housing/Dobie-Center-Changes-Hands-After-a-Decade-359837-1.htmlRead more at {Source}

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