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Arboretum Building Hits the Market

AUSTIN-A partnership of the Gottesman Co. puts its Arboretum Point, a 150,033-sf, class A office building up for sale. The market is right for a sale, says the broker, expressing the sentiment of the seller.

By Tim Green | Updated on September 26, 2002

AUSTIN-Holliday Fenoglio Fowler is hawking Arboretum Point, a 150,033-sf office building in the northwest submarket.

Senior Holliday Fenoglio directors Barry Brown and James Batjer have listed the class A building in the Arboretum, a high-end, mixed-use development at the confluence of US Highway 183, MoPac Expressway and Capital of Texas Highway. The area includes several other office buildings, the 478-room Renaissance Austin Hotel, the high-end Arboretum Shopping Center and restaurants. Several other shopping centers and office buildings are in the area.

The owner is Point Partners 93 Ltd., a partnership of the Gottesman Co. The company is headed by Sandy Gottesman, a former executive with Trammell Crow Co., which developed the Arboretum. “They see the market that’s looking for opportunities for consistent cash flow and there are large amounts of capital out there,” Brown says of the owner. “It’s market timing.”

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