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Chase Park complex in North Austin changes hands

Austin Business JournalJan Buchholz

Omninet Capital LLC in Los Angeles has purchased an office park in North Austin for an undisclosed amount of money.

The five buildings that make up Chase Park are located near the southwest corner of I-35 and U.S. Highway 183.

The properties are situated on 17.4 acres and include 285,000-square-feet of office space. The buildings were constructed in the early 1970s and renovated during the past decade. Occupancy was 69 percent at the time of closing with Seton Healthcare Family being a major tenant, along with Northrop Grumman and the Texas Department of Public Safety.

Prime Finance in Chicago was the seller. The deal was announced by the seller’s broker, Cushman & Wakefield/Oxford Commercial. The seller’s team included Jef Coddington and Wes Reed  in Austin and Scott Farber in Dallas.

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