AUSTIN - Westmount Realty Capital LLC has acquired a 13-building, 546,984-sf portfolio within the Braker Center business park in Austin. The portfolio is located between I-35 and the MoPac Expy. in the North Central submarket.
Originally developed in the mid-1980s for light industrial use, the structures are now primarily finished out as office space.
The assets were 88 percent occupied at the time of the sale. The Dallas-based company is planning to invest approximately $1.5 million in an architectural facelift and will rebrand the complex as The Offices at Braker Center.
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