Austin: 231,872 SF, two offices, one retail soldAustin: 231,872 SF, two offices, one retail soldhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=42072014-05-14T15:38:00Z2014-05-14T15:00:00Z

AUSTIN - Two office buildings encompassing 171,872 sf and a 60,000-sf retail property have been sold.

Mira Vista, located at 2705 Bee Cave Rd., The Overlook at Gaines Ranch, located at 4330 Gaines Ranch Loop, and The Whole Foods building at 11920 Domain Dr. were included in the sale.

Clarion Partners purchased the office buildings, which were 98.2 percent occupied at time of closing, from Houston-based The Lionshare Group.

The Whole Foods building was acquired from Austin-based Endeavor Real Estate Group in partnership with RREEF, now known as Deutsche Asset & Wealth Management. Whole Foods has a long-term lease for the property.

In March 2014, Clarion purchased Las Cimas IV at 900 S. Capital of Texas Hwy. for $43.2 million, according to the CoStar Group. Additionally, in May 2014, Clarion acquired University Park Tech Center — 165,007 sf of Class A flex/office space — in San Antonio.

Austin Business Journal
Austin-Round Rock
http://www.bizjournals.com/austin/blog/real-estate/2014/05/ny-investors-snaps-up-austin-offices-whole-foods.htmlRead more at {Source}

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