2/6/2009

HFF sells and arranges financing for two Austin office buildings

by
Prudential Real Estate Investors has sold the Barton Oaks II and III office buildings in Austin, Texas for an undisclosed price to HPPI Real Estate Services & Investments.

Holliday Fenoglio Fowler negotiated the sale on behalf of Prudential and secured a fixed-rate loan through ViewPoint Bank for HPPI.

The two office buildings are located at 901 S. MoPac Expressway and contain a total of 238,594 square feet. Barton Oaks II has 117,127 square feet and is currently 90 percent occupied while Barton Oaks III has 121,467 square feet and is fully leased. Current tenants of the two buildings include The Broussard Group, Arbor E&T, Parsons Brinckerhoff, LifeSize Communications, Fiserv and IKON Office Solutions.

Address: 901 S. MoPac Expressway, Austin, Texas

Size: 238,594 square feet

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Filed Under: Office

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