International real estate firm Hines and the California Public Employees’ Retirement System (CalPERS) recently purchased a 22-story office tower in Austin, Texas, for an undisclosed amount.
The 418,338-square-foot building, located at Congress and E. 3rd Street, was sold by a joint venture between Crescent Real Estate Equities Co. and Aetna.
Parking is provided in a nine-level attached garage — four levels below-grade parking and five levels above-grade.
The office building was 84.7 percent leased at the time of sale to tenants that included AIM Management, A.G. Edward & Sons Inc., BearingPoint Inc., Citigroup, Guaranty Bank and RBC Dain Rauscher.
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