AUSTIN--Transwestern has arranged the sale of Park Central, a 114,091-square-foot multi-tenant office building located in Austin's north submarket, to an investment partnership headed by Vista Equities Group of Houston.

Park Central, located near the intersection of Interstate 35 and Parmer Lane, is three stories and was 74 percent leased to six tenants at the time of the sale. Hale Umstattd and Leah Gallagher of Transwestern represented the seller.

“Park Central was an exciting transaction to work due to the lack of value-add office offerings in the Austin market,” Gallagher told GlobeSt.com. “Transwestern procured 15 offers from different investors before Vista was ultimately selected as the buyer.”