ANNOUNCEMENTS: Vista Sells Park Central Office Building
FOR IMMEDIATE RELEASE
Houston (January 14, 2022) – An ownership group of four Co-Owners, led by Vista Park Central, Ltd., a real-estate investment partnership sponsored by The Vista Companies, has sold Vista Park Central, a 115,000 sq. ft. office building on Parmer Lane in Austin, to Park Central Austin, LLC, based in Santa Monica, CA.
Located in Austin’s dynamic north-central sub-market, Park Central was ninety three percent leased and occupied at the time of sale. Both the seller and buyer were represented by Kelsey Shebay and Drew Fuller of JLL Capital Markets Austin office, and the closing of the transaction was handled through Lesley Mann of Charter Title Company in Houston.
Established in 1985, The Vista Companies is a Houston-based real estate services group specializing in real estate development, acquisitions, property management, leasing, and brokerage. The Company is comprised of Vista Equities Group, which focuses on the development of new properties and the acquisition of existing income-producing properties; Vista Management Company, which provides leasing and professional property management services for third-party owners, as well as Vista’s own investment partnerships, and Vista Brokerage Services, which provides brokerage services for both Vista and third-party owners. Combined, Vista’s senior development, acquisition, and property management teams represent over a century of experience in the Texas real estate market. For more information on The Vista Companies, visit www.vistahouston.com.