Triple Net Properties LLC recently represented tenant-in-common investors in the sale of Las Cimas II & III, a two-building office campus in Austin, Texas.

Spear Street Capital purchased the complex for an undisclosed price, although it was originally purchased in September 2004 for $73.1 million.

Las Cimas II & III is comprised of four-story buildings containing 313,300 square feet. The properties were fully leased at the time of sale to Dell USA, which has subleased the property to 26 tenants, including Sheshunoff Information Services Inc., American Campus Communities LLC, Keller Williams Realty Inc. and Texas Instruments Inc.

Las Cimas II & III were built in 2000 and 2001, respectively, and feature state-of-the-art energy efficiency systems, flexible floor plans and a covered parking structure, according to a press statement.

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×