The Fort Worth-based REIT late yesterday notified the SEC that it amended the definitive agreement seven days ago to include an unidentified office building in Austin and give the buyer extra time for due diligence. The one-week change pushed the deadline to Monday for Chicago-based Walton.
Austin Centre's 16-story office tower, with 343,664 sf of trophy space at 701 Brazos St., is the most likely candidate from Crescent's portfolio because it shares a full city block with the four-star, 375-key Omni Austin at 700 San Jacinto St., which already is part of the portfolio sale. Crescent's new spokesman, though, can't confirm anything beyond what's in the SEC filing, but it could be just good business savvy that brought the change or the difficulty in severing the assets to allow the deal to close on time in the second quarter. Crescent also has its entire office portfolio in Austin on the market.
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