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the buyer assumed a Freddie Mac loan with a $25.68 million balance as part of the deal.
The properties are the Agave Business Center, with 55,221 sf at 8945 South Harl Ave., Agave Corporate Center, with 86,115 sf at 1711 West Greentree Drive, and Agave Executive Center, with 78,405 sf at 1721, 1725 and 1729 West Greentree. ...
The property is net leased to Avnet Inc., a distributor of high-tech products.
The property includes about 20,000 sf of office space that is fully occupied. Its retail component is 87 percent leased.
Trammell Crow Residential was the project's original developer, and in 2007 it borrowed $38.8 million of construction financing from iStar. IStar would later take the property through foreclosure and finish its development.
95 percent pre-leased. The property's name will be changed to University House.
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