Austin, Texas—Local real estate investment firm Long View Equity is the new owner of the Houston Building in northwest Austin. Scott Herbold with CBRE Capital Markets’ Investment Properties team represented the buyer, while Todd Gold with REOC San Antonio represented the seller. The financial details of the transaction were not disclosed.
The three-story, multi-tenant office building is located at 9015 Mountain Ridge Drive and offers 34,432 square feet of space. At the time of the deal, the asset was 100 percent leased to a mix of tenants in the medical, technology and real estate fields.
Long View plans to hold and manage the property for the long-term. Moreover, the company intends to modernize the asset and upgrade the common areas.
Photo courtesy of REOC Austin