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Kim Gatley
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enior Vice President & Director of Research at REOC Austin

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Fortis Property Group acquires Aspen Lake office portfolio

Brooklyn, New York-based Fortis Property Group recently acquired three office properties in Far Northwest Austin.  The largest of the three buildings is Aspen Lake One (205,071 sf) – a four-story 100% occupied office building situated at 13875 Research Blvd.   The other two buildings included the 10-story Tower of the Hills (174,000 sf) located at 13809 Research and Tower Point at 13805 Research.

The three properties, located at the intersection of US Highway 183 and SH 45, were sold by Houston-based Crimson Real Estate Fund along with investment partners USAA Real Estate Company and Admiral Capital Group.

Click to read Austin-area office investment sales surging (Austin Business Journal, 2-7-14)

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