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Weingarten Buys 89,840-SF Industrial Project in Austin

AUSTIN-The Houston-based REIT's 2001 buying spree comes to Austin. Weingarten picks up two industrial buildings, valued at $4.7 million, in the southwest submarket from seller, Crow Family Holdings Industrial LP of Dallas.

By Tim Green | Updated on October 23, 2001

AUSTIN-Weingarten Realty Investors added to its Austin holdings with the purchase of two industrial buildings in the city’s southwest submarket. The Houston-based REIT now owns eight industrial properties and two shopping centers in Austin.

The REIT bought Oak Hill I and II from Dallas-based Crow Family Holdings Industrial LP, which is affiliated with Trammell Crow Co. The purchase price is hushed, but the buildings are listed with an combined assessed value of $4.7 million by the Travis Central Appraisal District.

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