THOMAS PROPERTIES GROUP SELLS AUSTIN OFFICE BUILDINGS FOR $76M

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AUSTIN, TEXAS — TPG/CalSTRS Austin LLC, an affiliate of Los Angeles-based Thomas Properties Group Inc., has sold three office properties in northwest Austin for $76 million. The office properties, which total 517,974 square feet, include Westech 360, Park Centre and Great Hills Plaza. The transaction is in line with Thomas Properties Group's strategy to dispose of its suburban office assets and concentrate on the ownership and operation of office properties in highly sought-after submarkets.

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