Investors Show Affinity in a Big Way for Office Buys

Valor Capital Partners purchased both buildings from OakPoint.

AUSTIN, TX—Investment partnerships are bullish about the Austin office market, aggressively seeking additional buying opportunities. This has never been more apparent than with the sale of two stabilized class-B office buildings totaling 124,310 square feet. New York-based Valor Capital Partners purchased the Briarcroft Building and 9101 Burnet from Nashville-based OakPoint Real Estate for an undisclosed price.

Valor Capital now owns four multi-tenant office buildings in Austin, with the latest office purchases representing the second investment transaction in six months. OakPoint Properties and local operating partner Haverwood Management are also committed to investing in Austin and have been extremely active in that timeframe, including three acquisitions in December: Enterprise Plaza, Park Place office buildings and Donley Plaza.