SPIRE REALTY PURCHASES CHASE TOWER

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AUSTIN, TEXAS — Spire Realty Group has purchased Chase Tower, a 21-story, Class A office tower located at 221 W. Sixth St. in Austin's central business district. The building contains 389,502 rentable square feet and was 96 percent leased at the time of closing. Spire plans to complete capital improvements to the building in the near-term. Andrew Levy and Todd Savage of Holliday Fenoglio Fowler represented the sellers: ERG Chase Tower LP, Chase Tower REO LP, NNN OF8 Chase Tower REO LP and NNN VF Chase Tower REO LP. Spire provided in-house representation.

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