AUSTIN (Austin Business Journal) – Tier REIT has purchased several assets at The Domain from a partnership headed by locally based Endeavor Real Estate Group.
Executives with Tier REIT said they acquired 332,000 sf in two Class-A office properties at The Domain and a partnership interest in two additional offices totaling 337,000 sf. As part of the acquisition, the REIT has acquired about 27 acres in an area that the Austin Business Journal calls a hotbed of development.
The Dallas-based REIT also owns Terrace Office Park, about 620,000 sf of office space overlooking the Barton Creek greenbelt southwest of downtown, and is partnering with Cielo Property Group on a new office tower at the site of the Austin Music Hall downtown.
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