The City Of Austin Acquires 250,000 SF Office Property In Austin For $71.5M

The City of Austin has acquired a fully leased office property located at 5202 East Ben White Boulevard in Austin. The property spans 250,000 square feet and was sold by Thor Equities Group for a total price of $71,500,000. The transaction represents a price per square foot of $286.

Summary of transation details

• Property Type: Office
• Transaction Amount: $71,500,000
• Square Footage: 250,000
• Address: 5202 East Ben White Boulevard
• Market: Austin

Thor Equities Group, represented by Joseph Sitt, acted as the seller in the deal. The sale of this property is part of Thor's ongoing divestment activities in Texas, which also include the sale of industrial assets in McKinney and the Arrive Upper Kirby mixed-use development in Houston during 2022.