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DivcoWest Sells 318K-SF Office Campus to Partnership
West Coast company DivcoWest sold the Campus at Arboretum, a five-building, Class A office campus totaling 318,534 square feet in Austin, TX’s Northwest submarket. The buyer was a partnership between Vanderbilt Partners and True North Management Group LLC.
HFF marketed the property on behalf of the seller, and placed a five-year, floating-rate acquisition loan on behalf of the buyer with J.P. Morgan Chase. The sales price was undisclosed.
The Campus at Arboretum, situated on 16.5 acres, consists of Buildings I-III at 10415 Morado Circle; Building IV at 10814 Jollyville Rd., and Building V at 10431 Morado Circle. The three-story buildings delivered from 1986-2000, and are 97% leased to tenants including BMC Software, Inc.; vAuto, Inc.; Freese and Nichols, Inc.; and Trion Worlds, Inc.
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- ◦Sale/Acquisition
