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Austin Whitley units sold to Hartz MountainAustin Whitley units sold to Hartz Mountainhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=47702014-03-03T10:14:00Z2014-03-03T06:39:00Z

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.

CoStar Group
Austin-Round Rock
Mixed-Use
http://www.costar.com/news/article/hartz-finalizes-acquisition-of-trophy-multifamily-asset-in-austin/157571Read more at {Source}

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