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| 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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