REBusinessOnline

Office

HFF Negotiates Sale of 251,143 SF Office Building in Austin

California-based investment firm Menlo Equities purchased 3900 San Clemente in Austin for an undisclosed price.

California-based investment firm Menlo Equities purchased 3900 San Clemente in Austin for an undisclosed price.

AUSTIN, TEXAS — HFF has negotiated the sale of 3900 San Clemente, a 251,143-square-foot office property situated on 9.9 acres at 3900 N. Capital of Texas Highway in Austin. Completed in 2008, the property was 91 percent leased at the time of sale and anchored by Samsung, VMWare and Maxim Integrated. Amenities include a fitness center, curbside food truck service and a connected parking garage. HFF represented the seller, a partnership between a global real estate investment manager and Austin-based HPI Real Estate, and procured the buyer, California-based investment firm Menlo Equities. The company secured an undisclosed amount of acquisition financing for the buyer through a national bank.

Tagged

Related Posts