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Apple buys four-building office complex in Northwest Austin

apple-logo1Technology giant Apple Inc. has purchased Riata Crossing North, a four-building office complex in Northwest Austin near the site of its ongoing Austin expansion.

The seller of the 350,000-square-foot complex on Riata Vista Circle was an entity of San Francisco-based Spear Street Capital. Apple already occupies the entire complex, which it had been leasing. Riata Crossing is across the street from where Apple is building its new Americas Operations Center, a 1-million square-foot project at West Parmer Lane and Delcour Drive that the company has valued at more than $348 million.

The deed lists the seller of Riata Crossing North as Riata Holdings LP, doing business as Riata Austin Holdings LP. The deed was signed by John Grassi, president of Riata Holdings General Partner LLC. Grassi is president of Spear Street Capital.

Located on 28.8 acres, Riata Crossing North has an appraised value of $62.5 million, according to Travis Central Appraisal District records.

Click to read entire article: Apple buys four-building office complex in Northwest Austin (Austin American-Statesman, 03-20-15)

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