AEW purchases Centro South office building

AUSTIN – AEW Capital Management LP has purchased the 164,976-sf Class-A office building at 1412 E. 5th St. The building, Centro South, was 96 percent leased at the time of sale. PGIM Real Estate provided the $77 million acquisition loan. The developer, Riverside Resources, will continue to manag

AUSTIN – AEW Capital Management LP has purchased the 164,976-sf Class-A office building at 1412 E. 5^th St.

The building, Centro South, was 96 percent leased at the time of sale.

PGIM Real Estate provided the $77 million acquisition loan.

The developer, Riverside Resources, will continue to manage the property.

Source