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| Hines Global REIT buys Southpark Commerce Center II in Austin Hines, the international real estate firm, announced that Hines Global REIT has acquired Southpark Commerce Center II, a four-building, Class A industrial/flex office park located in Southeast Austin at the intersection of IH-35 and Highway 71.The seller was KBS Southpark Commerce Center II, LLC. Both the buyer and seller were self-represented in the transaction. Southpark Commerce Center II was completed in 2000, making it among the newest industrial/flex office parks in the submarket.Containing 372, 125 square feet, the single-story buildings are 94 percent leased to tenants including Travis Association for the Blind, AT&T and Zarlink Semiconductor Inc. write your comments about the article :: © 2010 Construction News :: home page |