German Investment Firm Purchases Austin Office Complex Leased by Apple for $96M
Apple's operation at Capital Ridge in Austin is one of its largest in the country. (Photo courtesy of Vision Vision Enclosure Walls Inc.)
AUSTIN, TEXAS — GLL Real Estate Partners, a Germany-based investment firm, has purchased Capital Ridge, a seven-story, 216,511-square-foot office complex in Austin that is currently 100 percent leased to Apple, for approximately $96 million. A joint venture between Denver-based investment firm Miller Global Properties LLC and Austin-based Riverside Resources sold the Class A property, which is situated on 38 acres at 320 S. Capital of Texas Highway in the West Lake Hills area. Apple has leased space at Capital Ridge since early 2015, the year the complex was built.