Land under 12-acre Top Golf in Austin sold

AUSTIN – Top Golf, the upscale driving range and entertainment venue in North Austin, has a new landlord — Houston-based OrangeStone Capital.

The 12-acre property includes a 65,000-sf clubhouse and 102 hitting bays. Top Golf — headquartered in Dallas — has a 15-year lease with three five-year extensions.

The Travis Central Appraisal District tabbed the value in 2015 at a little more than $14 million.

OrangeStone Principal Hussain Nathoo said the value is in redevelopment potential of about 2.7 million sf that could eventually be built there.

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