AUSTIN (GlobeSt.com) – Dallas-based Velocis has sold two Class-A office buildings to Houston-based private equity firm Wedge Group.
Velocis purchased Arboretum Atrium and Las Cimas I in 2013 from Moore & Associates. The buildings total more than 170,000 sf.
Arboretum Atrium is a 91,083-sf office building with a three-story atrium. The fully leased building is in northwest Austin.
The three-building, 82,787-sf Las Cimas I building, also fully leased, is in the center of the four-building Las Cimas office park at the corner of Bee Caves Rd. and Capital of Texas Hwy. on the city's southwest side.
Transwestern represented the seller in the transaction.
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