Tuesday, April 29, 2014

HFF closes sale of 3-building industrial portfolio in Austin, TX


Randy Baird
DALLAS, TX – HFF announced today that it has closed the sale of a three-building, 275,499-square-foot industrial portfolio in Round Rock (Austin), Texas.

               HFF marketed the portfolio on behalf of the seller, a Boston-based institutional advisor.  Stoltz Companies purchased the assets for an undisclosed amount free and clear of existing debt.

               The portfolio is comprised of 110, 116 and 120 East Old Settlers Boulevard, which are situated just off Interstate 35 in the North Austin area of Round Rock, home to the corporate headquarters of Dell and the future location of Apple’s $300 million campus and GM’s Innovation Center. The properties are fully leased to three tenants: Thermo Fisher Scientific, Total Site Solutions and Toshiba. 

               The HFF investment sales team representing the seller was led by senior managing director Randy Baird, managing director Jud Clements and director Robby Rieke.

               Stoltz is a vertically integrated owner/operator real estate investment and services company with a focus on value-added and core-plus strategies.  Investments are held in multiple, closed-end commingled investment funds comprised of institutions, corporate pension plans, foreign investors, high-net worth individuals, and sponsor equity.  Stoltz has owned and managed properties exceeding $1.5 billion in asset value consisting of approximately 10 million square feet of retail, office, industrial and land throughout the U.S. across its five funds. 


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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