A Boston-based real estate investment and advisory firm is the new owner of two industrial developments, totaling 266,660 sf, in Greater Austin.

TA Associates Realty has taken over the 142,270-sf Tuscany Distribution Center in Walnut Creek Business Park and the 124,390-sf Technicenter 6 & 7 in the city’s southwest sector.Kennedy-Wilson Inc., based in Beverly Hills, CA., and Transworld Properties Inc., a Houston-based real estate investor and subsidiary of Transworld Oil and Gas, are the sellers.

“These properties are located in two of the tightest submarkets in Austin, where occupancy rates are approximately 97%,” says Bill Miller, one of two members of Holliday Fenoglio Fowler’s Dallas investment sales division who handled the transaction on behalf of the sellers. “Both of the developments are 100% leased and represent the very best of the industrial product currently on the market.” Holliday Fenoglio Fowler, LP, one of the nation’s leading commercial mortgage banking firms, arranged the transaction, with Linda Simpson assisting Miller in the deal.

Tuscany Distribution Center is located at 9011-9013 Tuscany Way in the Walnut Creek Business Park, at the intersection of US 183 and US 290 in northeast Austin. Completed in 1997, its major tenants include Leviton Manufacturing Co., APW Enclosure Systems and Central Texas Office Products.

Technicenter 6 & 7 are located at 3714 Bluestein Park in southeast Austin, along US 183 and directly across from a large Motorola facility. Major tenants for the buildings, also completed in 1997, include Harvard Manufacturing, Southern Systems and The Reynolds Co.

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