Saturday, August 30, 2014

HFF closes sale of two Class A office buildings in Austin, TX


Barton Oaks Plaza II and III, Austin, TX
DALLAS, TX – HFF announced it has closed the sale of Barton  Oaks Plaza II and III, two Class A office buildings totaling 237,835 square feet in southwest Austin.

HFF marketed the property exclusively on behalf of the seller, a joint venture between HPI Real Estate and Sarofim Realty Advisors.

 Invesco Real Estate purchased the assets for an undisclosed amount. 

Barton Oaks Plaza II and III are located on 6.79 acres in the Barton Oaks Plaza complex at the intersection of MoPac Expressway and Bee Caves Road. 

The buildings, approximately five minutes from downtown, are close to the Austin residential neighborhoods of Tarrytown, Rollingwood and West Lake Hills.

 The five-story buildings are 90 percent leased to a variety of tenants, including Fiserv Solutions, Graeber Simmons & Cowan, American Association of Nurse Practitioners, Oppenheimer and Parsons Brinkerhoff. 

Additional information is available at invescorealestate.com.

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

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

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