American Realty Advisors Acquires 38-Story Mixed-Use Tower in Austin

AUSTIN, TEXAS — American Realty Advisors (ARA) has acquired Northshore, a 38-story mixed-use tower in Austin. The property consists of 439 residential units and 52,083 square feet of office and retail space. At the time of sale, Northshore’s residential portion was 97 percent occupied and its commercial portion was fully leased. Amenities include a 17,000-square-foot pool deck overlooking Lady Bird Lake, multiple outdoor kitchens and a 24-hour fitness center. Charles Cirar, Michael Wardlaw and Colin Cannata of CBRE represented the undisclosed seller in the transaction.