High-rise commercial buildings

Sub Markets

Property Sectors

Topics

Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Texas  + Office  | 

Apple-Leased Asset Acquired for Nearly $100M

Capital Ridge, a 216,511-square-foot office building in Austin, TX was acquired by Munich-based real estate fund manager GLL Real Estate Partners for $96 million. The LEED certified, seven-story asset is fully-leased under a long-term deal to Apple, Inc.

Located in Austin’s desirable Southwest submarket, at 320 South Capital of Texas Highway, Capital Ridge delivered in 2015. The 38-acre site is situated atop a ridgeline offering unparalleled views of the Texas Hill Country, and is across from the 227-acre Wild Basin Preserve, which includes 2.5 miles of walking and bike trails.

Eastdil Secured marketed the property on behalf of the seller, a development joint-venture between Denver-based Miller Global Properties LLC and Austin-based Riverside Resources. Terms of the transaction were not disclosed.


Subscribe to Connect Daily National

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Connect With GLL Real Estate PartnersConnect With Eastdil Secured

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition