VELOCIS BUYS INTEREST IN TWO AUSTIN OFFICE ASSETS TOTALING 173,870 SF

AUSTIN, TEXAS — Investment fund Velocis has acquired a majority interest in two Class A Austin office buildings totaling 173,870 square feet. Arboretum Atrium, located at 9737 Great Hills Trail, is a 91,083-square-foot facility that was 100 percent leased at the time of the sale. Las Cimas I is an 82,787-square-foot property located in the center of the four-building Las Cimas office park, which is situated at the corner of Bee Cave Road and Loop 360 in the Southwest Austin submarket. Moore & Associates sold the interests to Velocis and will retain management and leasing duties in addition to partial ownership.