DALLAS, TX – The Dallas office of HFF (Holliday Fenoglio Fowler, L.P.) has closed the sale of Southpark Commerce Center III, (top right photo) a three-building, 470,886-square-foot industrial portfolio in Austin, Texas.The HFF investment sales team was led by director Jud Clements, (top left photo) senior managing directors Jim Batjer (middle right photo)
and Barry Brown and associate director Robby Rieke who marketed the complex on behalf of the seller, Endeavor Real Estate Group. ING Clarion Partners purchased Southpark Commerce Center III for an undisclosed amount free and clear of debt.
Southpark Commerce Center III includes two properties that were completed in 2002 and are fully leased to tenants including Axcess Technologies and Calendar Club. The third property was completed in January 2008 and is currently 100% leased to multiple tenants.
Southpark Commerce Center III includes two properties that were completed in 2002 and are fully leased to tenants including Axcess Technologies and Calendar Club. The third property was completed in January 2008 and is currently 100% leased to multiple tenants.
Situated on 31 acres, Southpark Commerce
Center III is located at 4801 Freidrich Lane close to the Austin-Bergstrom International Airport, Austin’s central business district and Interstate Highway 35 in Austin.
“Southpark Commerce Center benefits from a strategic location, stable cash flow and the opportunity to acquire a critical mass of industrial space in Austin,” said Clements.
Endeavor Real Estate Group was formed in March 1999 to create value by managing, leasing, developing and acquiring retail, office and industrial properties in Central Texas.
Founded in 1982, ING Clarion and its affiliates manage almost $50 billion in assets in the private equity, public equity and public debt sectors of the real estate markets. The IN
G Clarion organization has almost 500 associates located in major markets throughout the United States.
Center III is located at 4801 Freidrich Lane close to the Austin-Bergstrom International Airport, Austin’s central business district and Interstate Highway 35 in Austin.“Southpark Commerce Center benefits from a strategic location, stable cash flow and the opportunity to acquire a critical mass of industrial space in Austin,” said Clements.
Endeavor Real Estate Group was formed in March 1999 to create value by managing, leasing, developing and acquiring retail, office and industrial properties in Central Texas.
Founded in 1982, ING Clarion and its affiliates manage almost $50 billion in assets in the private equity, public equity and public debt sectors of the real estate markets. The IN
G Clarion organization has almost 500 associates located in major markets throughout the United States. CONTACTS:
Jud Clements, HFF Director, 214 265 0880, jclements@hfflp.com
Laurie Fish McDowell, HFF Associate Director, Marketing, 617 338 0990, lmcdowell@hfflp.com
No comments:
Post a Comment