{"id":1004093770,"date":"2014-04-01T07:56:01","date_gmt":"2014-04-01T15:56:01","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=250343"},"modified":"2020-05-12T03:30:25","modified_gmt":"2020-05-12T11:30:25","slug":"hff-closes-sale-of-las-cimas-iv-in-austin","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hff-closes-sale-of-las-cimas-iv-in-austin\/","title":{"rendered":"HFF Closes Sale of Las Cimas IV in Austin"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Anca Gagiuc, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify;\">Las Cimas IV, the newest of the Las Cimas Buildings, has changed owners. Holliday Fenoglio Fowler L.P. (HFF) marketed the property on behalf of the seller, KBS Capital Advisors, and procured the buyer, Clarion Partners.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/03\/Las-Cimas-IV-Austin.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-250344\" title=\"Las Cimas IV Austin\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/03\/Las-Cimas-IV-Austin.jpg\" alt=\"\" width=\"300\" height=\"201\" \/><\/a>The five-story Class A office property was constructed in 2008 on a 9.65-acre site, totaling 138,000 square feet. It is located at 901 South Capital of Texas Highway, in the reputable area of West Lake Hills, about five miles west of downtown at Loop 360 and Bee Caves Road. Amenities include a two story lobby entry, 4\/1,000 structured parking with covered walkway, and showers on site.<\/p>\n<p style=\"text-align: justify;\">At the time of the sale, occupancy was at 93.5 percent; tenants include Wilson Sonsini Goodrich and Intersil Corporation.<\/p>\n<p style=\"text-align: justify;\">HFF is a leading provider of commercial real estate and capital markets services, operating out of 22 offices nationwide. With over 30 years of experience and more than 600 industry professionals, the firm averages more than three closings per business day with transactions ranging from $1 million to over $2 billion.<\/p>\n<p style=\"text-align: justify;\">Formed in 2006, KBS Capital Advisors has made investments of more than $11 billion in commercial real estate and real estate related investments. With headquarters in Newport Beach, Calif., KBS operates out of eight regional offices, and since its creation, KBS has formed five non-traded REITs.<\/p>\n<p style=\"text-align: justify;\">New York-based Clarion Partners has been on the real estate investment manager for 32 years. They have over $30 billion in total assets under management and over 200 institutional investors, both domestic and international, and employees in the United States, Brazil, and the UK.<\/p>\n<p style=\"text-align: justify;\"><em>Photo courtesy of <a href=\"https:\/\/www.lascimas4.com\/\" rel=\"nofollow\">Las Cimas IV<\/a>. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Las Cimas IV, the newest of the Las Cimas Buildings, has changed owners. Holliday Fenoglio Fowler, L.P. (HFF) marketed the property on behalf of the seller, KBS Capital Advisors, and procured the buyer, Clarion Partners.<\/p>\n","protected":false},"author":237,"featured_media":1004505892,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21742],"tags":[39411,1815],"class_list":["post-1004093770","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-austin","category-latest","tag-austin","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>HFF Closes Sale of Las Cimas IV in Austin - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hff-closes-sale-of-las-cimas-iv-in-austin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HFF Closes Sale of Las Cimas IV in Austin\" \/>\n<meta property=\"og:description\" content=\"Las Cimas IV, the newest of the Las Cimas Buildings, has changed owners. Holliday Fenoglio Fowler, L.P. (HFF) marketed the property on behalf of the seller, KBS Capital Advisors, and procured the buyer, Clarion Partners.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hff-closes-sale-of-las-cimas-iv-in-austin\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-04-01T15:56:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-12T11:30:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Las-Cimas-IV-Austin.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-closes-sale-of-las-cimas-iv-in-austin\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-closes-sale-of-las-cimas-iv-in-austin\\\/\"},\"author\":{\"name\":\"Anca Gagiuc\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"headline\":\"HFF Closes Sale of Las Cimas IV in Austin\",\"datePublished\":\"2014-04-01T15:56:01+00:00\",\"dateModified\":\"2020-05-12T11:30:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-closes-sale-of-las-cimas-iv-in-austin\\\/\"},\"wordCount\":266,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-closes-sale-of-las-cimas-iv-in-austin\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/Las-Cimas-IV-Austin.jpg\",\"keywords\":[\"Austin\",\"National\"],\"articleSection\":[\"Austin\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-closes-sale-of-las-cimas-iv-in-austin\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-closes-sale-of-las-cimas-iv-in-austin\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-closes-sale-of-las-cimas-iv-in-austin\\\/\",\"name\":\"HFF Closes Sale of Las Cimas IV in Austin - 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