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| 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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