501 Congress 'passes' to sold in Austin501 Congress 'passes' to sold in Austinhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=92015-08-26T05:00:00Z2015-08-26T14:00:00Z

AUSTIN - The 501 Congress building — an office building in a prime downtown Austin location with some high-profile tenants — has been purchased by AFIAA Swiss Foundation, an investment entity of 40 Swiss pension funds that focuses on international commercial properties.

The acquisition includes a newly constructed parking garage that adjoins 501 Congress.

The 116,000-sf Class A building formerly was a five-story annex to the adjoining 26-story Bank of America tower.

Stream Realty Partners gutted the annex into a contemporary building that now houses cloud file-sharing giant Dropbox Inc.; Charles Schwab; wine-storage company Vine Vault; Allen Edmonds, a manufacturer and retailer of men’s footwear; and EMC2 Corp, the world’s largest supplier of data storage systems.

AFIAA is an investment foundation with offices in Zurich, New York and Sydney.​​

Austin American-Statesman
Austin-Round Rock
http://www.mystatesman.com/news/business/business-digest-swiss-entity-buys-501-congress-bui/nnQ6f/Read more at the {Source}

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