318,000-SF Avallon sold in NW Austin318,000-SF Avallon sold in NW Austinhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=44872014-04-04T07:57:00Z2014-04-04T00:00:00Z

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.

Austin Business Journal
Austin-Round Rock
http://www.bizjournals.com/austin/blog/real-estate/2014/03/san-francisco-investor-continues-its-plunge-into.htmlRead more at {Source}

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