AUSTIN, TX-Chicago-based Pearlmark Real Estate Partners LLC has acquired four office buildings totaling nearly 284,000 square feet in Austin. The Blackstone Group was the seller of the office buildings.
Stephen Quazzo, CEO of Pearlmark, said that after the company completes acquisitions for the Aslan Realty Partners IV LLC fund, it will contain nearly $750 million worth of industrial and office properties. Pearlmark closed the deal on December 1. Quazzo said that Pearlmark paid between $40 million and $50 million for the Austin properties. For the full story, go to Crain's Chicago Business .
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