The Carvajal Group Blog

Swiss Company Buys Austin Building

July 24th, 2008

The Wells Fargo tower in Downtown Austin, Texas was recently purchased by a Swiss Real Estate Investment Firm.  The company had been wanted to expand their portfolio to include holdings in the United States.  The purchase took place on July 8th, 2008.  The building is currently 96% leased and has over 280,000 square feet of rentable space on over seventeen floors.  Tenants include reputable companies and distinguished law firms. 

Being close to the University of Texas, and also the central business district of Austin, it bodes for great appreciation over time.  The firm boasts a portfolio of properties all over the world and supplements their income with sophisticated financial products for Swiss citizens. 

The purchase is a testament to the growing Austin and central Texas economy.  Home values are poised only to go upward.  If you would like more information about the Austin Texas real estate market, contact the Austin Realty Specialists of the Carvajal Group at 512.419.7770.

Tags: Austin Home Search · Austin Real Estate · Austin Real Estate Agent · Austin Rental Property · Buying homes in Austin