Search
 

Boston Investor Acquires Austin Industrial Developments Totaling 266,660 sf

AUSTIN-A Boston-based real estate investment and advisory firm is the new owner of two industrial developments, totaling 266,660 sf, in Greater Austin. The properties sit in the city's tightest submarkets.

By Mike Sheridan | Updated on August 04, 2000

A Boston-based real estate investment and advisory firm is the new owner of two industrial developments, totaling 266,660 sf, in Greater Austin.

TA Associates Realty has taken over the 142,270-sf Tuscany Distribution Center in Walnut Creek Business Park and the 124,390-sf Technicenter 6 & 7 in the city’s southwest sector.Kennedy-Wilson Inc., based in Beverly Hills, CA., and Transworld Properties Inc., a Houston-based real estate investor and subsidiary of Transworld Oil and Gas, are the sellers.

“These properties are located in two of the tightest submarkets in Austin, where occupancy rates are approximately 97%,” says Bill Miller, one of two members of Holliday Fenoglio Fowler’s Dallas investment sales division who handled the transaction on behalf of the sellers. “Both of the developments are 100% leased and represent the very best of the industrial product currently on the market.” Holliday Fenoglio Fowler, LP, one of the nation’s leading commercial mortgage banking firms, arranged the transaction, with Linda Simpson assisting Miller in the deal.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.