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Afiaa
Wells Fargo Tower in Austin, Texas Acquired by AFIAA
August 8th, 2008
AFIAA, a Zurich-based foundation investing in international real estate, has added another US asset to its global portfolio with the acquisition of the Wells Fargo Tower in Austin, Texas on July 8. The Wells Fargo Tower has 280,000 sf of rentable office area on seventeen floors. A landmark of central Austin, the building is 96 percent leased, with a tenant roster that includes prominent corporations and distinguished law firms. The building's location at the north end of the CBD, close to the University of Texas at Austin campus, creates significant potential for asset appreciation. Proximity to the state capitol makes the tower an ideal base for doing business with...
Source: Health Business Week (2008-08-08)
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