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AUSTIN-New York Trust subsidiary Maier & Siebel Inc. has bought two west Austin office buildings totaling 198,873 sf.

Maier & Siebel, a pension fund manager based in California bought Great Hills Plaza, a 144,623-sf building at 9600 Great Hills Trails in northwest Austin and Centre II, a 54,250-sf building at 3101 Bee Caves Rd. in Rollingwood, southwest of Austin. The company also owns a 252,000-sf office complex at 8303 MoPac Blvd.

Eastdil Realty LLC of Dallas has negotiated the sale of Great Hills Plaza. CarrAmerica, which will continue to lease and manage the property. An investment partnership sold Centre II that will be leased by Insignia/ESG of Texas Inc.

Maier & Siebel is a privately funded real estate investment advisory company providing investors with direct-equity investments in real estate. The 19-year-old company was acquired by US Trust in 1998. U.S. Trust merged with and became a subsidiary of The Charles Schwab Corp. in June. U.S. Trust remains a separate affiliate of Charles Schwab & Co. Inc.

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