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.
The 400,000-sf Capital Plaza is undergoing something of a renovation with the addition of a Target store as an anchor. Target earlier this year purchased a spot that had been abandoned by bankrupt Montgomery Ward and is building a new store. It is scheduled to open in 2003. Other tenants at the center include Beall's, Conn's Appliances, OfficeMax and Fashion Bug. It also has several restaurants.
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