UPSC Properties LLL, an entity of an Austin investor, bought the property from Primera Partners University Park Ltd. for $2.1 million. The 39,579-sf center, situated on 3.9 acres at 12661-12679 Silicon Dr., is 100% occupied. IPI-GrammTech LLC is the major tenant, leasing about 35% of the center, according to Bart Wilson of San Antonio-based Primera Partners.

Roger Trapnell, senior vice president and director in NorthMarq's Houston office, arranged the acquisition financing for the buyer. The loan, provided by JPMorgan Chase, carries a 6.2% interest rate, according to Elizabeth West of NorthMarq.

NorthMarq is a national real estate investment banker providing financing for commercial real estate including office, retail, industrial, multifamily and assisted living development. It has regional offices in Denver, Austin, Los Angeles, Kansas City, Phoenix, St. Louis, Chicago, San Diego, San Francisco, Dallas and Houston.