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AUSTIN-Weingarten Realty Investors added to its Austin holdings with the purchase of two industrial buildings in the city’s southwest submarket. The Houston-based REIT now owns eight industrial properties and two shopping centers in Austin.

The REIT bought Oak Hill I and II from Dallas-based Crow Family Holdings Industrial LP, which is affiliated with Trammell Crow Co. The purchase price is hushed, but the buildings are listed with an combined assessed value of $4.7 million by the Travis Central Appraisal District.

The office-service center buildings, situated on 7.8 acres, are 81.4% leased. Oak Hill I, developed in 1982, has 40,000 sf and Oak Hill II, developed in 1984, has 49,840 sf. Tenants include Glader’s Gourmet Cookies, Living Aboard magazine, Acres USA magazine, Scott’s Sheet Metal and Quanterra Environmental Services.

The purchase pushes Weingarten’s Austin holdings to about 900,000 sf. The retail centers are Brodie Oaks, 245,000 sf at South Lamar Boulevard and Capital of Texas Highway, and Southridge Plaza at William Cannon Drive and First Street. The industrial properties are Braker 2 Business Center, 27,000 sf at Kramer Lane and Metric Boulevard; Corporate Center I and II, 117,000 sf at Putnam Drive and Research Boulevard; Rutland 10 Business Center, 54,000 sf at Metric Boulevard and Centimeter Circle; South Park A, B, C, 78,000 sf at East St. Elmo, Friederich Lane and Woodward Street; South Point Service Center, 54,000 at Burleson Road and Promontory Point; Walnut Creek Office Park, 34,000 sf at Cameron Road and US Highway 183; and Wells Branch Corporate Center, 60,000 sf at 2013 Wells Branch Parkway.

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