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Cencor Buys 44,000-SF Bank One Building

AUSTIN-The Dallas-based firm says it bought the building, assessed at $2.2 million, from Bank One purely as an investment. The building is part of the 400,000-sf Capital Plaza, which is undergoing a renovation.

By Tim Green | Updated on December 30, 2002

AUSTIN-Cencor Realty Services, the Dallas-based real estate company, has added to its holdings at the Capital Plaza shopping center with the purchase of the 44,000-sf Bank One building at the center. Cencor, under the name Capital/Highway 35 Ltd., bought the building as an investment, according to the company.

Lance Morris and Todd Wallace, both in the commercial division of the Weitzman Group, an affiliate of Cencor, handled negotiations. Bank One, the building’s primary tenant, was the seller. The sale price was not disclosed; the assessed market value of the building was $2.2 million, according to the Travis Central Appraisal District.

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