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DALLAS-Continuing its acquisition activities, a commercial real estate investment fund overseen by Velocis Partners LLC acquired the majority interest in two class A Austin office buildings, Arboretum Atrium and Las Cimas I. The Dallas-based fund acquired the buildings, totaling more than 170,000 square feet. Moore&Associates, in the meantime, will retain a minority ownership position while continuing to manage and lease the assets.

The 91,083-square-foot Arboretum Atrium is at 9737 Great Hills Trail in the northwest submarket. The property was recently renovated and is 100% occupied. The 82,787-square-foot Las Cimas I is at 804 Las Cimas Blvd., in the four-building Las Cimas office park on the region’s southwest side. Las Cimas II was built in 2000. Moore&Associates, headquartered in Bethesda, MD, acquired both properties in 2004.

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