Monday , 26 September 2016
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Calif. Firm Buys New Austin Office Project

Champion Office Park in Austin has been purchased by a California firm.

Champion Office Park in Austin has been purchased by a California firm.

AUSTIN – Menlo Equities has purchased the Champion Office Park, a recently-completed, Class AA office park totaling 221,136 SF in Austin.

Holliday Fenoglio Fowler, L.P. (HFF) marketed the property on behalf of the seller, Endeavor Real Estate Group of Austin and Granite Properties. HFF also procured the buyer, Palo Alto, Calif.-based Menlo Equities, who acquired the fully leased property for its recently-launched fund, Menlo Equities Absolute Return Fund.

This is the first acquisition in Austin for the $450 million, open-end evergreen fund, which is actively seeking to invest in similar stabilized assets leased long term to investment-grade-rated tenants.

Champion Office Park is located at 6433 Champion Grandview Way on a 28-acre, cliff side site overlooking Bull Creek and the Edwards Aquifer nature reserves in the Loop 360 Corridor of northwest Austin.

Completed in 2016, the LEED Gold certified Champion Office Park consists of two office buildings designed by Overland Partners.

August 23, 2016 Realty News Report Copyright 2016

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