The Shidler Group of San Diego, in partnership with Angelo, Gordon & Co., has sold two office buildings from its Austin, Texas, portfolio for a total of $28 million.
The first property is One Commodore Plaza, a 14-story building with two connected buildings of four and five stories totaling 171,877 square feet. The buildings are located at 800 Brazos St. The property was purchased by The Shidler Group in January 2001 and renovated in 2002. Major tenants at the time of sale included Consulado de Mexico, Capitol Services Inc. and Anthony-Nak Jewelers.
The second building is Capitol Towers, located at 206 E. 9th St. The 20-story building contains 148,629 square feet of office space. Major tenants at the time of sale included Comerica Bank and GTE Mobilnet. Capitol Towers was built in 1984 and purchased by The Shidler Group in 2001.
The buyer of both properties was Walton Stacy Commodore IV LLC.
The Shidler Group is a national real estate organization that actively acquires commercial real estate throughout Texas, Arizona, Hawaii and southern California.