Beverly Hills buys Twin Towers Austin

AUSTIN – Omninet Capital LLC of Beverly Hills, California, has purchased the 190,570-sf Twin Towers at 1106 Clayton Ln. near the convergence of SH 183, US 290 and I-35. The seller of the property was Twin Towers LP.

The property was built in 1974 and was recently renovated. The building was 88 percent occupied at the time of sale.

Omninet Capital has plans to spend about $100 million this year for commercial properties in Austin and San Antonio and about $200 million across several markets, according to Michael Daniel, Omninet managing partner.