HFF announces The Luzzatto Company’s acquisition of Austin Oaks in Austin, TX

Austin Oaks Office Park, Austin, TX

DALLAS, TX –– HFF announces The Luzzatto Company’s acquisition of Austin Oaks, a 12-building office park totaling 445,322 square feet in Central Austin.

The HFF team marketed the offering on behalf of the seller, Spire Realty Group LP.  An affiliate of The Luzzatto Company, Inc. (TLC), a Los Angeles-based investment firm, purchased the asset and was assisted by HFF in securing the 10-year acquisition loan through a life company lender.

Marc Luzzatto

Situated on 31.4 acres along MoPac (Loop 1), Austin Oaks is Austin’s largest infill office park and is currently home to 140 tenants representing a diverse mix of industries, including financial services, healthcare, legal and technology. 

Originally constructed throughout the 1970’s and 80’s, the redevelopment will be designed by Austin-based Michael Hsu Office of Architecture and will place an emphasis on green initiatives and aesthetic elements such as art and landscaping. 

“I am excited to return to Austin, where I spent my law school years, and give something back to the community in the form of a wonderful and creative home for the dynamic business community that has evolved since my time at the University of Texas,” said Luzzatto Co. Chairman Marc Luzzatto.

  “I see a lot of similarities between the vibe in Austin and in Santa Monica/Silicon Beach, and we want to provide the same kind of creative environment at Austin Oaks that we have created in some of our properties in Silicon Beach.”

Michael Hsu

Hsu said. “We are thrilled to work on what may be the single most significant repositioning opportunity in Austin, if not all of Texas. The existing buildings create a perfect backdrop to transform this development into a modern reflection of Austin, which will blend with the city’s physical and business landscape.”

Holliday GP Corp. ("HFF") is a Texas licensed real estate broker.

CONTACTS:

ANDREW LEVY

TX Lic. #0413696

HFF Senior Managing Director

(214) 265-0880

alevy@hfflp.com

PAUL BRINDLEY

HFF Senior Managing Director

(310) 407-2100

pbrindley@hfflp.com

KRISTEN MURPHY

HFF Director, Public Relations

(617) 338-0990

krmurphy@hfflp.com

Hold-Thyssen Principal Closes Sale of Former Paddy’s Pub in Winter Park, FL

Robert P. Hold

WINTER PARK, FL  --- Robert P. Hold, principal at Hold-Thyssen, Inc., recently closed the sale of a Winter Park landmark – The former Paddy’s Pub – at 1566 W. Fairbanks Ave.  

  The bar and restaurant operated for over 25 years at the location before closing prior to Hold’s purchase in October 2017.

Byrnes Properties, LLC paid $850,000 for the 2,915 square foot building constructed on the site in 1948.  The sale included a 13,244 square foot lot.  The new owner plans to raze the building and redevelop the property for a dental practice.

Hold-Thyssen Inc. is a full service commercial property firm that provides commercial property brokerage, leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current management portfolio includes more that 100 commercial properties throughout the United States.

For more information about this press release, please contact

Robert P. Hold, Principal, Hold-Thyssen, Inc. 407-691-0505, bhold@HoldThyssen.com

Beth Payan, Larry Vershel Communications Inc. 407-644-4142 Lvershelco@aol.com

HFF announces $12.8 million financing for 3-building industrial property in City of Industry, CA

Matthew Stewart

LOS ANGELES, CA –– HFF announces the $12.8 million financing for 341-345 Baldwin Park, three industrial distribution and warehouse buildings totaling 165,681 square feet in the Los Angeles suburb of City of Industry, California.

The HFF team worked on behalf of the borrower, a partnership between Colorado-based EverWest Real Estate Investors, LLC and an investment partner, to place the 10-year, non-recourse loan at a 4.20- percent fixed-rate with a correspondent insurance company.  Additionally, HFF will service the loans.

Renovated in 2006, 341-345 Baldwin Park’s three buildings include a total of 33 loading docks, driveways that measure 37 feet wide for complete distribution functionality and warehouses along with office space. 

The property, located one mile from the on-ramps of Interstates 605 and 10, is in a prime infill location within Los Angeles’ Industry/La Puente industrial submarket. 

341-345 Baldwin is 17 miles from downtown Los Angeles and approximately 33 miles from the Ports of Los Angeles and Long Beach.

The HFF debt placement team representing the borrower included director Matthew Stewart.

Holliday GP Corp. ("HFF") is a real estate broker licensed with the California Bureau of Real Estate, License Number 01385740.

CONTACTS:

MATT STEWART

CA Lic. #01956812

HFF Director

(310) 407-2100

mstewart@hfflp.com

KIMBERLY STEELE

HFF Digital Content/Public Relations Specialist

(713) 852-3420

ksteele@hfflp.com

http://everwest.com.