Austin Whitley units sold to Hartz Mountain

AUSTIN – The Whitley, a 16-story, 266-unit apartment complex, has been acquired by N.J.-based Hartz Mountain Industries. The five-star multifamily community delivered in April 2013 at 301 Brazos St., near the inland of Lady Bird Lake.

The property offers studio, one- and two-bedroom apartments, as well as approximately 16,000 sf of commercial space, 6,000 sf of which is built out for a restaurant, and five floors of parking.

There is approximately 750,000 sf of office space currently being developed within walking distance of Whitley.

Other nearby developments include a 1,000-room JW Marriot, which is being constructed adjacent to Whitley, and a new 342-room Westin Hotel and a 327-room Van Zandt Hotel, which have both broken ground within a five minute walk from the property.

The seller was a joint venture between Principal and Riverside Resources.