Monday, September 22, 2014

HFF closes sale of three-building Class A office portfolio in Austin, TX


Canyon at Wild Basin office building, Austin, TX
DALLAS, TX – HFF announced today that it has closed the sale of Stonecreek I and II and Canyon at Wild Basin, a three-building, Class A suburban office portfolio totaling 314,399 square feet in Austin, Texas. 

HFF marketed the property exclusively on behalf of the seller, Intercontinental Real Estate Group.  A private real estate fund advised by Crow Holdings Capital – Real Estate purchased Stonecreek I and II, and CapRidge Partners LLC purchased Canyon at Wild Basin. 

Both properties were sold free and clear of existing debt for an undisclosed amount.   

Stonecreek I and II are located at 11920 and 11921 North Mopac Expressway just north of The Domain in northwest Austin. 

 Situated on a combined 9.57 acres, the complex represents 239,819 square feet of the total portfolio.  

Stonecreek I and II are 97.9 percent leased to CoreLogic (First American Real Estate Solutions), Time Warner, Century Link, Intellimark, TSMC and Siemens.

 For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

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