Business Digest: German firm buys Austin office buildings

Jan 9, 2015
Austin American Statesman

German firm buys Austin office buildings

Two Northwest Austin office buildings have changed hands

Munich, Germany-based GLL Real Estate Partners has acquired Prominent Pointe I and II, at 8310 N. Capital of Texas Highway (Loop 360), from San Francisco-based DivcoWest. The purchase price wasn’t disclosed

In 2014, the buildings were valued at $29.7 million and $23.7 million, respectively, according to the Travis Central Appraisal District

Prominent Pointe I was built in 1985 and last renovated in 2013, while Prominent Pointe II opened in 2008

Combined, the two buildings span 256,027 square feet. Tenants include Sony Online and Texas Hospital Insurance Exchange

Print Article opens in new window