AUSTIN - Avallon, a five-building, 318,000-sf office complex, was acquired in Northwest Austin by San Francisco-based DivcoWest Real Estate Investments. The complex is located near Morado Circle and Jollyville Rd. DivcoWest plans new signage and updates to common areas.
The five office structures were constructed in 1986, 1997 and 2001. The property was 88 percent occupied at the time of closing with 19 tenants.
Avallon was appraised at $40.3 million, according to Travis Central Appraisal District.
Our twice-weekly e-newsletter provides a quick overview of Texas real estate markets. Because your time is valuable.