AUSTIN--CBRE Capital Markets' Investment Properties announces the sale of Park Place II and III, a 68,058-square-foot, multi-tenant office park in Austin.
Nashville, TN-based OakPoint Real Estate and local partner Haverwood Management purchased the asset from Houston-based Braun Enterprises for an undisclosed price.
Park Place II and III consists of four office buildings located at 4009 and 4005 Banister Lane, in the south Austin submarket. The buildings sit adjacent to both the southwest and CBD office submarkets, historically two of the best performing in the city, and the location just off of US Highway 290 is easily accessible from the south, CBD, southwest and Austin-Bergstrom International Airport.
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