PRUDENTIAL DISPOSES OF TWO OFFICE BUILDINGS

AUSTIN, TEXAS — The Dallas office of Holliday Fenoglio Fowler (HFF) has arranged the sale of Barton Oaks II and III in Austin. The properties comprise two five-story, Class A office buildings located at 901 S. MoPac Expressway. Barton Oaks II totals 117,127 square feet and was 90 percent occupied at the time of closing. Barton Oaks III totals 121,467 square feet and is fully leased. Notable tenants at the buildings include The Broussard Group, Arbor E&T, Parsons Brinckerhoff, LifeSize Communications, Fiserv and IKON Office Solutions. HFF represented the seller, Parsippany, N.J.-based Prudential Real Estate Investors, and assisted the buyer, HPI Real Estate Services & Investments, in securing debt and equity financing for the purchase. A fixed-rate loan was secured through ViewPoint Bank, and joint venture equity was secured through Sarofim Realty Advisors. The acquisition price was not disclosed.