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Silicon Valley Investors Buy New Austin Office Project

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 Menlo Equities fund.

, which is actively seeking to invest in similar stabilized assets leased long term to investment-grade-rated tena

the seller, a joint venture between KKR and Crossbeam Concierge, was represented by Chris Curry, Todd Stewart,Todd Marix and JC Clemens of HFF.

August 30, 2016 Realty News Report Copyright 2016

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