Taurus Sells Travesia Corporate Park for $41M

News

International CRE private equity Taurus Investment Holdings has sold Travesia Corporate Park, a three-building, Class A mixed-use office park located in northwest Austin, Texas. The buyer, Jefferson River Capital—the family office of Tony James, president & COO of The Blackstone Group—paid $40.9 million for the asset.

The 176,621-square-foot development, which Taurus had purchased in 2014 for nearly $27 million, is spread across 24 acres at 3800, Quick Hill Road and consists of three buildings of 46,200, 62,250 and 68,171 square feet. The latter includes 10,000 square feet of laboratory space. Travesia is 100 percent leased to Hewlett-Packard, Sonic Healthcare and Protect America. The property’s location is adjacent to the Tech Corridor with roadway access via Texas State Highway Loop 1 (MoPac), Interstate 35 and State Highway 45.

Cushman & Wakefield’s Todd Mills, Hunter Mills and Carrie Caesar marketed the property on behalf of Taurus and procured the buyer. Earlier this month, Taurus sold another Class A office building in Newton, Mass. for $50.7 million.