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German investors pick up Prominent Pointe

Prominent Pointe

Prominent Pointe

GLL Real Estate Partners, one of the first major international investors in Austin commercial real estate, expanded its local holdings this week with the purchase of Prominent Pointe I and II (256,000 sf) in Northwest Austin.

The Munich, Germany-based company purchased the two mid-rise buildings for an undisclosed price fromDivcoWest, another significant Austin landlord.

Prominent Pointe is at 8310 N. Capital of Texas Highway.

Prominent Pointe I was built in 1985 and remodeled in 2013.

Prominent Pointe II was built in 2008.

The offices have about 900 parking spaces. Total land for the project is 21 acres on a hillside near Spicewood Springs Road.

Current tenants include IXIA, JMJ Associates, Sony Online, UTC Fire and Security Americas, Texas Hospital Insurance Exchange and the law firm of Naman Howell Smith & Lee LLP.

Click to read entire article: German investors pick up two more Austin office buildings (Austin Business Journal, 1-9-15)

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