Austin 3M-SF office portfolio sold for $860MAustin 3M-SF office portfolio sold for $860Mhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=95472012-09-20T08:58:00Z2012-09-20T08:00:00Z

AUSTIN - Thomas Properties Group Inc. and the California State Teachers' Retirement System (CalSTRS) acquired full ownership of an eight-building, 3 million-sf portfolio of office properties in downtown and suburban Austin.

The portfolio sale was valued at $859 million or about $286.33 per sf.

In the Austin CBD properties include:

  • the 535,078-sf Frost Bank Tower at 401 Congress Ave.;
  • the 454,225-sf 300 W. 6th Street;
  • the 503,951-sf One American Center at 600 Congress Ave.;
  • the 410,248-sf San Jacinto Center at 98 San Jacinto Blvd.; and
  • the 518,385-sf One Congress Plaza at 111 Congress Ave.

In Austin's northwest submarket properties include:

  • the 175,529-sf Westech 360 at 8911 Capital of Texas Highway;
  • the 203,193-sf Park 22 at 8601 RR 2222; and
  • the 139,252-sf Great Hills Plaza at 9600 Great Hills Trail.

Read more at GlobeSt.com.

Austin-Round Rock
http://www.globest.com/news/12_440/austin/office/thomas-properties-calstrs-acquires-office-portfolio-for-860m-325268.htmlRead more at {Source}

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