Dallas Buyer Snags Austin Property

AUSTIN-Spire Realty Group LP, has added the 445,322-square-foot Austin Oaks, a 12-building office complex, to its portfolio. The Dallas buyer struck a deal with local seller Riverside Resources Corp. to acquire the campus on Austin’s northwest side.

The complex at 7718-7719 Wood Hollow Dr. and 3409-3737 Executive Center Dr. – at the southwest corner of Mopac Expressway and Spicewood Springs Road – is 95% leased. According to the website of CBRE, which marketed the asset and represented the seller in closing, near-term roll and some vacancy provided decent upside potential. Todd Mills and Casey Knust of CBRE were the seller reps.