Riata Corporate Park Riata Corporate Park, an eight-building 688,100-square-foot office campus, recently sold in a confidential transaction.

AUSTIN, TX—Riata Corporate Park, an eight-building 688,100-square-foot office campus recently sold, according to a joint venture between Partners Group, a private markets investment manager, and Accesso, an investment manager and operator of multi-tenant office buildings. The sale price was not disclosed. The venture acquired the property in 2015.

“Partners Group had high conviction in the strength of the Austin office market when we partnered with Accesso to acquire Riata Corporate Park,” said Ron Lamontagne, managing director/co-head of private real estate Americas, Partners Group. “As employers in the tech and pharmaceutical industry relocated to or expanded in Austin, attracted to the growing educated workforce, we were able to use our operational expertise to develop Riata into a highly attractive asset. Limited large block vacancies, the ability to develop an additional parcel and the credit rent roll led us to believe that this was a good time to market the property to a buyer who had a long-term vision for the asset.”

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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