April 26, 2019
Valor Capital Partners LLC acquired Rialto I & II, a two-building, Class A office complex situated in southwest Austin. The buyer struck the off-market deal with seller Black Creek Diversified Property Fund of Denver, CO. The sales price was undisclosed, though the seller acquired the asset in 2015 (as Dividend Capital Diversified Property Fund) for $37.3 million.
Rialto I & II is situated on 29 acres at 7500 Rialto Blvd. Property tenants include LJA Engineering, Amica and Regus. Matt Levin, Patrick Ley and Rebecca Zigterman will handle leasing activities for the property.
The acquisition is Valor Capital’s seventh in Austin, bringing its local portfolio to more than 500,000 square feet of office space. The New York company also owns the Wells Fargo Tower, the Overlook at Rob Roy, and 9101 Burnet Rd.
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