Real Estate Roundup: Large East Austin industrial prop trades; Lockhart retail site sold to car dealer

Oct 29, 2014, 2:37pm CDT

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Here's this week's roundup of real estate activity in the Austin region.

Staff Writer- Austin Business Journal
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Here is a roundup of deals and announcements in the Austin-area real estate market during the past week that weren't included in other Austin Business Journal real estate online coverage.

• IC Berkeley Partners III of San Francisco purchased the 145,027-square-foot Techni Center I at 4100 Ed Bluestein Blvd. and the 61,893-square-foot Techni Center II and IIB at 6001 Techni Dr. The seller was Techni Center Partners Ltd. of Austin. The purchase price was not disclosed. Andrew Creixell of CSA Realty Group represented both sides of the transaction.

• J Ellis Financial, an auto dealership and finance company, purchased a 2,880-square-foot bank building on a 4-acre tract at 1600 S. Colorado St. in Lockhart. The seller was Sabot Development Ltd., which is managed by Jim Young of KW Commercial. The purchase price was not disclosed. The property is across from the new Caldwell County Judicial Center and is north of the Walmart retail center developed by Austin-based Endeavor Real Estate Group.

• An unidentified limited liability company purchased the 15,400-square-foot The Shops at Grandview Hills, 7814 N. RR 620. The seller was an unidentified limited liability partnership. Michael Buckner and Richard Mireles of Marcus & Millichap in Austin represented both sides of the transaction.

• Triple R Veterinary leased a 4,650-square-foot freestanding retail building at 4225 Guadalupe St. Jeff Lewis of The Weitzman Group handled the transaction.

• Texas Multicore Technologies Inc. leased 3,100 square feet at Enterprise Plaza Building, 13915 Burnet Road. Matt Fain and Patrick Ley with ECR represented the landlord.

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Jan Buchholz covers commercial and residential real estate, construction and architecture and retail and restaurants for the Austin Business Journal.

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